Walmart: Jefferies maintains buy rating
(CercleFinance.com) - Jefferies maintains its buy rating on Walmart shares, along with its target price of $175.
"We are encouraged by WMT's recent automation rollouts and its plans to scale in the future," the analyst said, adding that "WMT expects these new processes to reduce the average unit economic costs by ~20% by the end of FY'26".
Walmart's "unique" strengths are highlighted by Jefferies, which believes that its strategy of focusing on increasing shop usage is " a winning strategy ahead as consumers increasingly focus on value and convenience".
"Looking ahead, we believe WMT is well-positioned for steady top-line growth and even greater profitability improvements as this new automation is scaled".
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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.
"We are encouraged by WMT's recent automation rollouts and its plans to scale in the future," the analyst said, adding that "WMT expects these new processes to reduce the average unit economic costs by ~20% by the end of FY'26".
Walmart's "unique" strengths are highlighted by Jefferies, which believes that its strategy of focusing on increasing shop usage is " a winning strategy ahead as consumers increasingly focus on value and convenience".
"Looking ahead, we believe WMT is well-positioned for steady top-line growth and even greater profitability improvements as this new automation is scaled".
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.