UBS raised the firm’s price target on Walmart (WMT) to $100 from $92 and keeps a Buy rating on the shares. Walmart is exhibiting the prospect of what’s possible for a long time to come as it clearly evolves into the next phase of its life cycle, the analyst tells investors in a research note. Walmart’s transformation is reminiscent of its shift from big boxes to supercenters, and UBS believes Walmart should remain a core, long-term holding.
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Read More on WMT:
- Walmart price target raised to $105 from $100 at Jefferies
- Citi downgrades Target to Neutral after ‘very poor results’
- Walmart price target raised to $97 from $81 at Roth MKM
- Walmart price target raised to $100 from $90 at TD Cowen
- Walmart price target raised to $102 from $98 at Bernstein
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
