Walmart: Jefferies still a buyer after visit

(CercleFinance.com) - Jefferies reinstates its "buy" rating on Walmart shares, along with its $190 target price, following a visit to a recently renovated Supercenter and Sam's Club, meeating the retail giant's head of investor relations earlier this week.


Impressed by what it saw, the broker is optimistic "incrementally bullish on WMT's remodel program, expansion opportunity at Sam's Club, and the enterprise's ability to gain market share in any macro environment".


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