Wells Fargo Maintains Overweight on Walmart, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Edward Kelly has maintained an Overweight rating on Walmart and raised the price target from $88 to $90.
October 31, 2024 | 8:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has maintained its Overweight rating on Walmart and increased the price target from $88 to $90, indicating a positive outlook.
The increase in price target from $88 to $90 by Wells Fargo suggests a positive outlook for Walmart's stock. The Overweight rating indicates that the analyst expects the stock to outperform the average total return of stocks in the analyst's coverage universe. This is likely to have a positive short-term impact on Walmart's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100