Walmart price target raised to $118 from $93 at Piper Sandler

Piper Sandler raised the firm’s price target on Walmart (WMT) to $118 from $93 and keeps an Overweight rating on the shares. Heading into big box retailer earnings the next two weeks, the firm is raising estimates on Walmart, where it sees not only a more favorable sales backdrop but also continued market share gains.