Goldman Sachs Reiterates Buy on BJ's Wholesale Club

Goldman Sachs is out with its report today on BJ's Wholesale Club BJ, maintaining Buy. In a note to clients, Goldman Sachs writes, "As the company continues to generate double-digit EBITDA growth, we expect valuation to revert to more normalized levels, regardless of deal speculation. Therefore, we continue to see a favorable risk-reward for the shares and reiterate our Buy rating." Goldman Sachs maintains a $60 PT on BJ. Shares of BJ closed Tuesday at $47.10.