Telsey Advisory raised the firm’s price target on Walmart to $205 from $185 and keeps an Outperform rating on the shares. Walmart’s “strong” Q4 results reflect share gains during the 2023 holiday season, driven by its omnichannel model and “excellent execution,” the analyst tells investors in a post-earnings note. Business momentum remained strong exiting Q4 and the firm believes Walmart is executing well and gaining market share, the analyst added.
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