KeyBanc analyst Bradley Thomas raised the firm’s price target on Walmart (WMT) to $100 from $96 and keeps an Overweight rating on the shares. The firm sees near-term trends remaining choppy for the Hardlines/Broadlines space, expecting a continued divergence in market share winners and losers. Looking to this holiday season, KeyBanc sees a solid but choppy outlook, given the shorter holiday season, continued softness in big ticket discretionary, and meaningful share gains by Walmart.
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