Morgan Stanley Feels Walmart Growth Potential: 'Margin Drivers Are Attractive'
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Walmart (NYSE:WMT) with a price target of $160. Walmart reported Q1 revenue of $152.3 billion and adjusted EPS of $1.47, both beating consensus. The analyst expects Walmart to stabilize from recent margin choppiness in the second half of fiscal 2023 with recapture opportunity in fiscal 2024.
May 19, 2023 | 5:06 pm
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Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Walmart (NYSE:WMT) with a price target of $160. Walmart reported Q1 revenue of $152.3 billion and adjusted EPS of $1.47, both beating consensus.
The Overweight rating and price target of $160 by Morgan Stanley analyst Simeon Gutman indicate a positive outlook for Walmart's stock. The company's Q1 revenue and adjusted EPS both beat consensus, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100