Evercore ISI is adding Walmart to the firm’s "Tactical Outperform" list ahead of earnings on Tuesday, noting that the stock has lagged the S&P and S&P Retail Index by 5% and 17%, respectively, year-to-date. The firm sees upside to Q4 results driven by stronger sales and share gains in grocery and thinks a 2023 guide down is likely already reflected in the stock performance. Evercore has an In Line rating and $150 price target on Walmart shares.
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Published first on TheFly
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