Walmart price target raised to $100 from $90 at Guggenheim

Guggenheim raised the firm’s price target on Walmart (WMT) to $100 from $90 and keeps a Buy rating on the shares after Walmart reported Q3 results that were largely ahead of the firm’s expectations. Walmart remains well positioned in an uncertain macro environment and the firm continues to be impressed by Walmart’s ongoing progress in its reshaping its business model, profit composition and business mix, the analyst tells investors in a post-earnings note.