Morgan Stanley raised the firm’s price target on Walmart (WMT) to $100 from $89 and keeps an Overweight rating on the shares. In addition to its price and cost leadership strengths, Walmart is leveraging its scale and technology to gain share and grow its alternative revenue streams, the analyst tells investors in a post-earnings note.
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Read More on WMT:
- Wells sees $2B headwind for Amazon from not raising seller fees
- Walmart price target raised to $94 from $89 at Evercore ISI
- Walmart price target raised to $89 from $85 at Stifel
- Walmart price target raised to $100 from $92 at UBS
- Walmart price target raised to $105 from $100 at Jefferies
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