Walmart price target raised to $175 from $165 at Bernstein

Bernstein analyst Dean Rosenblum raised the firm’s price target on Walmart (WMT) to $175 from $165 and keeps a Market Perform rating on the shares. While the firm still ranks Walmart among the strongest companies in its sector, it says the stock “is more complicated.” Walmart is crowded, so it has the “priced for perfection” risk, but there’s more that can go wrong for Walmart than for Costco (COST) given the tension between growth and margin, Bernstein argues. And right now, the firm says it can’t endorse the combination of sales growth, op profit growth and multiple needed to get to an Outperform rating.