Walmart price target raised to $100 from $92 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Walmart (WMT) to $100 from $92 and keeps an Outperform rating on the shares. The firm expects Walmart to remain a leader and market share gainer in the retail industry given its defensive product mix, focus on the customer, and financial flexibility, the analyst tells investors. Additionally, the firm remains encouraged about Walmart’s expanded vision beyond retail and e-commerce, since these elements, such as advertising and last-mile delivery, are often more profitably than traditional retail.