Walmart: Jefferies raises TP

(CercleFinance.com) - Jefferies has reaffirmed its 'buy' recommendation on Walmart shares, which it still considers a 'top pick', raising its target price for them from $195 to $210, on the heels of a quarterly publication that was deemed solid.


"Market share gains continue, business mix shifts toward higher margin revenue streams, productivity improves, and international markets scales further", the broker underlines.

Jefferies also says that "conservative guide and healthy fundamentals driving sales and profitability outperformance ahead, supported by investments in technology such as automation & AI".


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