Walmart price target raised to $182 from $176 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the firm’s price target on Walmart to $182 from $176 and keeps a Buy rating on the shares. The stock fell despite the company’s “strong” Q2 beat and raised FY23 guidance as positioning has leaned long, but Walmart is a stock that investors still want to own given ongoing share gains and the improving profitability profile over the long term, the analyst tells investors in a research note. The firm adds that the operating income grew faster than sales, but the Q3 guide suggests a delay in the continued ramp of this shift.