Walmart price target lowered to $105 from $115 at Raymond James

Raymond James lowered the firm’s price target on Walmart (WMT) to $105 from $115 and keeps an Outperform rating on the shares following the company’s Investment Community Meeting. The event reinforced Walmart’s multi-year transformation across automation, merchandising, and high-margin business mix, and the firm’s positive thesis remains unchanged, the analyst tells investors in a research note. The reaffirmation of Q1 and fiscal 2026 guidance reflects the durability of the business model, continued share gains across income cohorts, and execution on higher-margin initiatives, the firm says.