Walmart price target raised to $90 from $88 at Wells Fargo

Wells Fargo raised the firm’s price target on Walmart (WMT) to $90 from $88 and keeps an Overweight rating on the shares. The firm believes Walmart looks poised to print another beat and raise. While a high bar and positioning make for a tricky near-term set-up, Wells expects the update to support its dynamic multi-year growth story. The stock remains one of the firm’s top ideas, despite its rich valuation.