In a report released today, Paul Lejuez from Citi maintained a Buy rating on Walmart (WMT – Research Report), with a price target of $120.00.
Paul Lejuez has given his Buy rating due to a combination of factors that suggest Walmart’s strong performance and strategic positioning. The company is expected to surpass earnings expectations for the first quarter, driven by robust sales in April. This performance aligns with management’s guidance, which has been reaffirmed, indicating stability and confidence in Walmart’s financial outlook.
Furthermore, Walmart’s ability to manage tariffs effectively, with only a third of its U.S. sales being internationally sourced, positions it well in the current economic environment. The company’s value proposition continues to attract customer traffic, and its e-commerce business is projected to be profitable earlier than anticipated. These elements contribute to a positive outlook for Walmart, justifying the Buy rating.
Lejuez covers the Consumer Cyclical sector, focusing on stocks such as Nike, On Holding AG, and Abercrombie Fitch. According to TipRanks, Lejuez has an average return of 7.7% and a 55.42% success rate on recommended stocks.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $115.00 price target.