Roth MKM analyst Bill Kirk raised the firm’s price target on Walmart to $179 from $169 and keeps a Buy rating on the shares after its Q2 results showing comps and e-commerce growth of 6.3% and 24% respectively. The company is on the precipice of a major inflection with its automatization opportunities, data capabilities, and consumer proposition, the analyst tells investors in a research note. Walmart should enjoy the rare combination of market share gains and increased profitability, the firm added.
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