Walmart price target raised to $80 from $75 at BMO Capital

BMO Capital raised the firm’s price target on Walmart to $80 from $75 and keeps an Outperform rating on the shares. The company’s valuation can continue to move higher as it demonstrates the durability and consistency of its earnings algorithm in coming years following nearly a decade of investments to reach this margin inflection, the analyst tells investors in a research note, citing the firm’s recent investor meetings with Walmart management.