Morgan Stanley Maintains Overweight on Walmart, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Walmart (NYSE:WMT) and raised the price target from $67 to $70, indicating a positive outlook for the company's stock.
May 17, 2024 | 4:38 pm
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POSITIVE IMPACT
Morgan Stanley has maintained its Overweight rating on Walmart and raised the price target from $67 to $70, suggesting a positive short-term outlook for the stock.
The Overweight rating and increased price target from a reputable analyst at Morgan Stanley indicate strong confidence in Walmart's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100