Walmart price target raised to $195 from $180 at Baird

Baird raised the firm’s price target on Walmart to $195 from $180 and keeps an Outperform rating on the shares. The company reported strong Q4 results while its management is executing well from a top-line perspective and delivering on its commitment to expand EBIT margins and improve return on investment, the analyst tells investors in a research note. Walmart’s value proposition is clearly resonating with consumers, and prospects for outright box deflation is an increasingly unlikely scenario, the firm added.