DA Davidson added Walmart to the firm’s “Best-of-Breed Bison” list, which includes “best in class companies with sustainable moats and favorable risk / reward dynamics.” Walmart trades at a discount to its intrinsic value, which is $70 per share using a discounted cash flow model, the analyst tells investors in a research note. Davidson says the company also stands out due to its favorable market dynamics, dominant market position, and shareholder oriented management. It keeps a Buy rating on the shares with a $69 price target.
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