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Walmart: UBS sets $74 target price for stock

(CercleFinance.com) - UBS, which has a Buy recommendation on the stock, sets its target price at $74.


We expect Walmart's second-quarter results to continue to outperform the overall retail sector, UBS says.

In particular, the analyst expects market share gains and progress in the evolution of its business model, more focused on automation and new sources of revenue, which should boost the share price in the short term.

Walmart has stated that it now expects to perform at the high end of or slightly above its initial target ranges, for its current fiscal year.

As a reminder, the world's number one retailer initially forecast adjusted EPS of $2.23 to $2.37, as well as LFL growth of 4% to 6% for adjusted operating profit and between 3% and 4% for sales.


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