Roth MKM analyst Bill Kirk keeps a Buy rating and $171 price target on Walmart (WMT) while noting that with excess discretionary inventory cleared, the company should get even more aggressive on Food pricing and market share. The analyst further cites the recent commentary from Edgewell (EPC) CEO in a Reuters interview indicating that Walmart is pushing back against price increases from manufacturers and any increases unless they have "really good reasons." The firm also states that the stock is the firm’s 2023 Top Pick in the Broadlines and Food Retail space.
Published first on TheFly
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