Walmart price target raised to $195 from $190 at BMO Capital

BMO Capital raised the firm’s price target on Walmart to $195 from $190 and keeps an Outperform rating on the shares. The company finished a strong year, especially compared to “conservative plan”, while its management exuded confidence providing key details centered around progress against e-commerce profitability improvements and higher margin initiatives growth like advertising, the analyst tells investors in a research note. BMO also raises its FY25 revenue view for Walmart to $675.3B from $664.1B and its merchandise SSS view to 3.3% from 1.8%.