RBC Capital Maintains Outperform on Walmart, Adjusts Price Target To $62 (stock split 3:1)
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained an Outperform rating on Walmart (NYSE:WMT), adjusting the price target to $62 from $63, accounting for a 3:1 stock split.
February 27, 2024 | 3:02 pm
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RBC Capital maintains an Outperform rating on Walmart, adjusting the price target to $62 from $63 due to a 3:1 stock split.
The adjustment in price target by RBC Capital, while minor, reflects a continued positive outlook on Walmart's performance. The stock split could make shares more accessible to a broader range of investors, potentially increasing demand and positively impacting the stock price in the short term.
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