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Walmart upgraded to Buy from Neutral at Tigress Financial

Tigress Financial analyst Ivan Feinseth upgraded Walmart to Buy from Neutral with a price target of $176, up from $170. The retailer "continues expand in all directions to meet the ever-changing retail environment," which, when combined with its higher-margin flywheel growth businesses, will drive further shareholder value creation, the analyst tells investors in a research note. The firm believes further upside exists from current shares levels. Walmart continues to enhance shareholder returns through ongoing dividend increases and share repurchases, Tigress contends.

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