Truist Securities Maintains Hold on Walmart, Raises Price Target to $166
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli maintains a Hold rating on Walmart (NYSE:WMT) and raises the price target from $160 to $166.
May 19, 2023 | 12:05 pm
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Truist Securities maintains a Hold rating on Walmart and raises the price target from $160 to $166.
Truist Securities' decision to maintain a Hold rating on Walmart indicates a neutral outlook for the stock. However, the raised price target from $160 to $166 suggests a potential upside, which could have a positive impact on the stock price in the short term. The relevance and importance are high as the news directly pertains to Walmart and its stock price. The confidence level is set at 90% as the information comes from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100