Walmart likely to reiterate 4% topline growth algorithm, says UBS

UBS analyst Michael Lasser made no change to the firm’s Buy rating or $168 price target on Walmart ahead of the company’s upcoming Investment Community Meeting. The company will most likely reiterate its algorithm of a 4% topline growth and greater than 4% operating income growth, the analyst tells investors in a research note, adding that this should produce high single-digit to low double-digit total shareholder returns for the foreseeable future.