KeyBanc analyst Bradley Thomas raised the firm’s price target on Walmart to $175 from $170 and keeps an Overweight rating on the shares after hosting investor meetings with senior management. The firm believes Walmart has the most compelling growth outlook of the past 20 years, supported by share gains in key categories, accelerating growth from margin accretive businesses, and cost and efficiency benefits from automation. Furthermore, KeyBanc sees many long-term drivers ahead.
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