Morgan Stanley Maintains Overweight on Walmart, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Walmart (NYSE:WMT) and raises the price target from $66.67 to $67.
February 27, 2024 | 4:09 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Walmart and raises the price target to $67.
The upgrade in price target by a reputable analyst like Simeon Gutman from Morgan Stanley is a strong positive signal for Walmart. It suggests confidence in Walmart's future performance and potential for stock price appreciation. This is likely to be viewed positively by investors, potentially leading to a short-term increase in Walmart's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100