Credit Suisse raised the firm’s price target on Walmart to $180 from $170 and keeps an Outperform rating on the shares ahead of the Q2 earnings report on August 17. Walmart remains very well positioned for the current environment, as it continues to exhibit solid defensive characteristics, given its value-driven consumables-oriented business in the wake of a volatile consumer backdrop and slowing but elevated inflationary headwinds on the consumer, the analyst tells investors in a research note.
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