Stifel maintains Hold on Walmart and Adjusts PT to $65 - To Reflect 3-For-1 Stock Split
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has maintained a Hold rating on Walmart (NYSE:WMT) and adjusted the price target to $65 to reflect the company's 3-for-1 stock split.
March 13, 2024 | 5:45 pm
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NEUTRAL IMPACT
Stifel maintains a Hold rating on Walmart and adjusts the price target to $65 to reflect the 3-for-1 stock split.
The adjustment in price target by Stifel to $65, reflecting the 3-for-1 stock split, is a neutral action that aligns the valuation with the structural change in the number of shares. This does not inherently change the company's fundamentals or market position but is important for investors to note for valuation purposes. The Hold rating suggests that Stifel does not see significant upside or downside in the near term, making the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100