RBC Capital raised the firm’s price target on Walmart to $168 from $165 and keeps an Outperform rating on the shares after its Q2 earnings beat and guidance raise. The company is driving positive traffic, gaining market share, and has more visibility into margins than they’ve had in recent history, the analyst tells investors in a research note. While there is potential for some share volatility as investors digest the impact of easing inflation, shares are expected to grind higher on the back of operating profit growth, the firm added.
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