JP Morgan Maintains Neutral on Walmart, Raises Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers maintains a Neutral rating on Walmart (NYSE:WMT) and raises the price target from $155 to $157.
May 19, 2023 | 9:38 am
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Walmart and raises the price target from $155 to $157.
The news of JP Morgan maintaining a Neutral rating on Walmart and raising the price target from $155 to $157 indicates that the analyst sees potential for the stock price to increase. However, the Neutral rating suggests that the analyst does not expect significant outperformance or underperformance in the short term. This news may not have a strong impact on the stock price in the short term, but it could provide some support for the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100