Evercore ISI is adding Walmart to the firm’s “Tactical Outperform” list into the company’s earnings report due on May 16. The firm sees Q1 comp growth of 3.6% and EPS of 53c as “attainable with potential for upside,” says the analyst, who believes the company is executing at a high level and notes that the firm raised its Walmart comp and earnings outlook last week. The firm, which sees “near term upside to the mid-to-high $60’s and an upwards bias to consensus expectations,” has an Outperform rating and $66 price target on Walmart shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Options Volatility and Implied Earnings Moves This Week, May 13 – May 16, 2024
- WMT, FIVE, LULU: Which Strong Buy Retail Stock Is the Best Bet?
- Sen. Brown demands answers on Amazon, Walmart’s use of ‘dynamic pricing’
- VDC: Strong and Steady Consumer Staples ETF
- Walmart price target raised to $69 from $63 at UBS
Questions or Comments about the article? Write to editor@tipranks.com