Walmart price target raised to $195 from $190 at Jefferies

Jefferies raised the firm’s price target on Walmart to $195 from $190 and keeps a Buy rating on the shares ahead of the Q4 reports from the discount retailer group. The firm doesn’t expect many companies to report major earnings surprises based on its analysis of alternative data sets, but expects Walmart to report a modest sales beat and guide FY25 “conservatively” given the possibility of wider-spread deflation, the analyst tells investors in a preview note.