Walmart: Jefferies still a buyer
(CercleFinance.com) - Jefferies reinstates its Buy rating on Walmart shares, with an unchanged target price of $175.
The analyst notes that Walmart has opened its first Marketplace Distribution Center (MFC) in Arkansas.
"We believe this initiative is likely to drive improved fulfillment efficiency, free up labor hours, reduce last-mile costs, enhance the customer experience, and overall, expand Walmart's competitive advantage," Jefferies says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst notes that Walmart has opened its first Marketplace Distribution Center (MFC) in Arkansas.
"We believe this initiative is likely to drive improved fulfillment efficiency, free up labor hours, reduce last-mile costs, enhance the customer experience, and overall, expand Walmart's competitive advantage," Jefferies says.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.