Walmart price target lowered to $102 from $107 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the firm’s price target on Walmart (WMT) to $102 from $107 and keeps an Outperform rating on the shares after the company’s investor meeting and management presentation. Walmart reiterated 2026 guidance, reinforcing RBC’s view that the company is among the best positioned in the space to manage through potential consumer softness and/or incremental costs, though the magnitude of over-delivery that was initially baked into RBC’s model feels less likely in the current environment, the analyst tells investors in a research note. RBC also cuts its FY26 EPS view by 11c to $2.64 and its FY27 view by 13c to $3.00.