JPMorgan views the post-earnings selloff in shares of Walmart (WMT) as a near-term buying opportunity. The Walmart story is largely intact, the analyst tells investors in a research note. The firm believes management is making investment decisions from a position of strength “and, ultimately, the profitability throttle is in their hands.” JPMorgan would defend the shares on the pullback and keeps an Overweight rating on Walmart with a $112 price target
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart’s Robust Performance and Strategic Initiatives Justify Buy Rating Despite Market Challenges
- Walmart Inc. Reports Strong Q4 Earnings Growth
- Walmart Inc. Reported Earnings. Did it Beat Estimates?
- Walmart’s Growth Amid Challenges: Hold Rating Maintained Despite Earnings Reduction and Conservative Guidance
- Walmart price target raised to $99 from $94 at Stifel