(CercleFinance.com) – After rising 5% yesterday, Walmart gained almost 1% in New York, supported by an analysis from UBS which reaffirms its ‘buy’ recommendation on the stock with a price target raised from 152 to 158 dollars, a new target which implies a potential growth of 13% for the action of the world’s number one retailer.
In the summary of its research note, the broker explains that it ‘reviewed Walmart’s results (released the day before) for its second fiscal quarter, its progress in inventory management and the impact of markdowns on the profitability’.
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