Walmart Positioned for Solid Earnings: Credit Suisse Analyst Boosts Estimates
Portfolio Pulse from Anusuya Lahiri
Credit Suisse analyst Karen Short has maintained an Outperform rating on Walmart Inc (NYSE:WMT) and raised the price target from $170 to $180. Short raised her 2Q EPS forecast by $0.06 to $1.74, above the FactSet consensus of $1.69 and guidance of $1.63-$1.68. She believes Walmart is well positioned for the current environment due to its value-driven consumables-oriented business. Short also raised her WMT U.S. comp ex. fuel estimate to 6.0% from 3.8%. The upward revision reflects strength in grocery sales, growth in private labels, and increases in health and wellness sales.
August 11, 2023 | 6:51 pm
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POSITIVE IMPACT
Walmart's stock is likely to be positively impacted by the raised price target and EPS forecast by Credit Suisse analyst. The company's strong positioning in the current market environment and expected robust sales momentum are also positive indicators.
The raised price target and EPS forecast by Credit Suisse analyst Karen Short indicate a positive outlook for Walmart. The company's strong positioning in the current market environment, robust sales momentum, and expected growth in various sectors such as grocery sales, private labels, and health and wellness sales are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100