Bullish on Walmart: Market Analysts Unveil Bright Outlook Despite Economic Headwinds
Portfolio Pulse from Anusuya Lahiri
Market analysts from Citigroup and Telsey Advisory Group have maintained a positive outlook on Walmart Inc (NYSE:WMT) despite economic headwinds. Citigroup analyst Paul Lejuez maintained a Buy rating and raised the price target from $174 to $180, citing strong 2Q results and encouraging FY23 guidance. Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating and a $185 price target, noting that Walmart is well-positioned to gain market share regardless of the economic environment.
August 21, 2023 | 7:31 pm
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POSITIVE IMPACT
Analysts maintain a positive outlook on Walmart, citing strong 2Q results, encouraging FY23 guidance, and the company's ability to gain market share regardless of the economic environment.
The positive outlook from analysts, strong 2Q results, and encouraging FY23 guidance are likely to have a positive impact on Walmart's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100