Erste Group analyst Hans Engel downgraded Walmart to Hold from Buy. Walmart will show lower sales growth in 2023 and 2024 than in the previous year while adjusted net income is expected to decline slightly in 2023 and "should not rise again until the coming fiscal year," the analyst tells investors.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WMT:
- Morgan Stanley is Optimistic about Walmart’s Upcoming Investor Day, Shares Rally
- Symbotic price target raised to $25 from $18 at Needham
- Walmart lays off hundreds of U.S. fulfillment center staff, Reuters reports
- Gordon Haskett downgrades Dollar General with ‘more questions than answers’
- Honest Company price target lowered to $2 from $3 at Loop Capital
