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

Jefferies raised the firm’s price target on Walmart (WMT) to $100 from $90 and keeps a Buy rating on the shares. Heading into Q3 prints from the discount retailer group, the firm says Walmart remains a top pick and it expects the company to report “a beat and raise.” Traffic data continues to trend positively and the firm believes the company is well-positioned to continue to gain share into the holidays, the analyst tells investors in a preview.