BofA raised the firm’s price target on Walmart (WMT) to $110 from $105 and keeps a Buy rating on the shares after having hosted CFO John David Rainey and other IR executives for a Q&A session with investors. Following the meeting, the firm raised its estimates given strong execution and a consumer that is “still buying,” noting that its new target is based on a 36 times multiple applied to its raised FY27 adjusted EPS forecast.
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