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Jefferies Keeps a Buy Rating on Walmart (WMT)

In a report released yesterday, Stephanie Wissink from Jefferies maintained a Buy rating on Walmart (WMTResearch Report), with a price target of $150.00. The company’s shares closed last Monday at $132.02.

According to TipRanks.com, Wissink is a 1-star analyst with an average return of -0.6% and a 44.7% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and The Estée Lauder Companies.

Currently, the analyst consensus on Walmart is a Strong Buy with an average price target of $147.17, representing an 11.2% upside. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $160.00 price target.

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Based on Walmart’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $142 billion and net profit of $2.05 billion. In comparison, last year the company earned revenue of $138 billion and had a net profit of $2.73 billion.

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Walmart, Inc. boasts retail and wholesale businesses. It offers an assortment of merchandise and services at everyday low prices through its stores, Walmart.com and mobile apps. The company conducts its operations through three business segments: Walmart U.S., Walmart International, and Sam’s Club (membership-only warehouse clubs and samsclubs.com). The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

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