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.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on WMT:
- Accel, Tiger Global may look to sell Flipkart shares to Walmart, ET reports
- 2 Low-Beta Dividend Stocks to Shield Your Portfolio from Volatility
- Walmart to increase minimum wage for U.S. hourly staff, Reuters says
- Walmart announces launch of Walmart Business
- Walmart enters partnership with Salesforce to provide solutions for retailers