Walmart price target raised to $89 from $85 at Stifel

Stifel raised the firm’s price target on Walmart (WMT) to $89 from $85 and keeps a Hold rating on the shares. The firm raised FY25-FY26 EPS estimates “slightly” following “strong” Q3 results, with comp growth and EBIT above consensus. The firm thinks above-consensus 5.3% U.S. comp growth reflects ongoing share gains across several categories, especially grocery and general merchandise, where modest comp growth was an improvement from recent years.