Walmart price target raised to $200 from $190 at Guggenheim

Guggenheim raised the firm’s price target on Walmart to $200 from $190 and keeps a Buy rating on the shares after the company reported Q4 adjusted EPS and revenue ahead of the firm’s estimates. The firm, which increased its FY25 adjusted EPS estimate to $7.10, or $2.37 post split, from $7.00 prior, continues to believe Walmart is well positioned with its price and value proposition and with increased convenience and assortment in an uncertain macro environment.