Morgan Stanley Maintains Overweight on Walmart, Lowers Price Target to $168
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on Walmart (NYSE:WMT) but reduced the price target from $170 to $168.
November 17, 2023 | 1:11 pm
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Morgan Stanley's analyst has reaffirmed Walmart's Overweight rating but lowered the price target slightly from $170 to $168.
The reduction in price target is marginal, suggesting a slight adjustment rather than a significant change in the company's outlook. The Overweight rating indicates that Morgan Stanley still has a positive view on Walmart's stock, which could balance out the minor negative impact of the lowered price target.
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IMPORTANCE 75
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