JPMorgan analyst Christopher Horvers lowered the firm’s price target on Walmart (WMT) to $127 from $130 and keeps an Overweight rating on the shares. The company’s Q2 results are mixed with sales upside but an earnings miss as it experienced catch-up insurance claims headwinds, the analyst tells investors in a research note. The firm believes the fundamentals of the Walmart story remain unchanged post earnings.
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