Walmart price target raised to $90 from $82 at Baird

Baird raised the firm’s price target on Walmart to $90 from $82 and keeps an Outperform rating on the shares. The firm says that following time in Australia visiting investors with Walmart, it is increasingly clear that the company’s vision of “creating an omni-channel retail disruptor” is “rapidly becoming reality.” With favorable current conditions and “several important inflections on tap,” Walmart’s journey to this retail “promised land” continues to gain momentum, the analyst tells investors in a research note. Baird believes Walmart’s omni-channel share gains continue while its alternative revenue stream momentum is building.