Stifel lowered the firm’s price target on Walmart to $169 from $171 and keeps a Hold rating on the shares. The firm lifts its FY24-FY26 EPS estimates “slightly” following “mixed” Q3 results with comp growth above consensus and EBIT below, but reduces its price target slightly, stating that it views the long-term outlook for EBIT growth to exceed sales as “unchanged.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WMT:
- Walmart Stock (NYSE:WMT) Tanks on Weak Consumer Spending Outlook
- Walmart management to meet virtually with Oppenheimer
- Walmart Inc. Earnings Report: Is it a Beat?
- Walmart Stock (NYSE:WMT): Give Yourself a Holiday Gift at a Great Price
- Another solid quarter with prudent outlook from Walmart, says DA Davidson