Walmart price target lowered to $110 from $112 at UBS

UBS lowered the firm’s price target on Walmart (WMT) to $110 from $112 and keeps a Buy rating on the shares. Walmart’s investor day reaffirmed the firm’s confidence that its strategy is working and its catalyst path remains rich and compelling, and UBS sees better market share and margin returns ahead, the analyst tells investors in a research note.