Evercore ISI Group Maintains Outperform on Walmart, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich maintains an Outperform rating on Walmart (WMT) but lowers the price target from $67 to $66.

April 16, 2024 | 3:03 pm
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Evercore ISI Group maintains an Outperform rating on Walmart but lowers the price target from $67 to $66.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a slight moderation in their short-term outlook for Walmart's stock price. However, the continued Outperform rating indicates a generally positive view on the company's fundamentals and future performance. The impact on the stock price may be neutral to slightly negative in the short term, as the market absorbs the minor adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100