Guggenheim analyst Robert Drbul raised the firm’s price target on Walmart (WMT) to $110 from $100 and keeps a Buy rating on the shares. Given updated forex and tax assumptions, leap year impacts, and larger-than-we-anticipated dilution from Vizio, the firm reduced its FY26 EPS estimate to $2.60 from $2.70 and established a FY27 EPS estimate of $2.80. However, it continues to believe Walmart remains well positioned in an uncertain macro environment with its price and value proposition and with increased convenience and assortment, the analyst tells investors.
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