Walmart price target raised to $92 from $82 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Walmart to $92 from $82 and keeps an Outperform rating on the shares. The firm expects Walmart to remain a leader and market share gainer in the retail industry due to its defensive product mix, focus on the customer, ability to leverage both talent and technology, and its robust financial flexibility, the analyst tells investors. Additionally, the firm remains encouraged by the company’s expanded vision beyond retail to build an ecosystem including advertising, merchant services, last mile delivery, and digital payments.