Evercore ISI analyst Greg Melich placed a “positive Tactical Trading Call” on shares of Walmart while keeping an Outperform rating on the name with a $74 price target ahead the company’s earnings report on August 15. The firm sees Walmart’s Q2 comp and earnings coming inline with Street estimates and believes the company can hold its full year guidance for sales and earnings. Evercore sees near term share upside to the mid $70’s with an upward bias to consensus estimates and steady traffic.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart price target raised to $75 from $70 at Wells Fargo
- Mid Cap Stocks: ETSY Tries to Revamp Its Image Amid Rough Patch
- Walmart’s Q2 results to show continued outperformance, says UBS
- Morgan Stanley says survey suggests Walmart+ members at highest level since 2020
- WMT, COST, or KO: Which Consumer Staples Stock is the Best Pick?