Walmart price target raised to $167 from $162 at Barclays

Barclays raised the firm’s price target on Walmart to $167 from $162 and keeps an Overweight rating on the shares. The company Q2 was solid, with stronger comps and operating leverage, the analyst tells investors in a research note. The firm says the results point to share gains across cohorts, strong digital growth, some bright spots in discretionary, and overall navigating less inflation better than average.