Walmart price target raised to $190 from $177 at KeyBanc

KeyBanc raised the firm’s price target on Walmart to $190 from $177 and keeps an Overweight rating on the shares after its Q4 earnings beat. The company’s U.S. comps increased 4.0% vs. consensus of 3.3%, driven by a 4.3% increase in transactions and partially offset by a 0.3% decline in average ticket, the analyst tells investors in a research note. Walmart also continues to take share in grocery and health & wellness, and the firm remains positive on the company’s “compelling” consumer value proposition, its numerous growth initiatives, and the automation of its supply chain, the firm added.