Jefferies raised the firm’s price target on Walmart (WMT) to $100 from $90 and keeps a Buy rating on the shares. Heading into Q3 prints from the discount retailer group, the firm says Walmart remains a top pick and it expects the company to report “a beat and raise.” Traffic data continues to trend positively and the firm believes the company is well-positioned to continue to gain share into the holidays, the analyst tells investors in a preview.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart (WMT) Q3 Pre-Earnings: Here’s What to Expect
- Myriad Genetics expands access to at-home early fetal sex DNA test
- Walmart Q3 Pre-Earnings: Why It’s Still a Buy Despite Rich Valuation
- Wal-Mart call volume above normal and directionally bullish
- SenesTech launches Evolve rodent birth control on Walmart marketplace