Wells Fargo analyst Edward Kelly raised the firm’s price target on Walmart to $170 from $155 and keeps an Overweight rating on the shares. The firm would be a buyer of Walmart following a bullish investor-day, saying that the retailer looks to be on the cusp of capturing the margin upside of advanced tech investments.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on WMT:
- Walmart (WMT) Takes Capital One to Court
- Capital One received credit card termination notice from Walmart
- Walmart sues to end credit-card partnership with Capital One, WSJ reports
- Walmart (NYSE:WMT) Plans Massive EV Charging Network Across its Stores
- Walmart announces plan to expand electric vehicle charging network