(CercleFinance.com) – Jefferies reaffirms its ‘buy’ recommendation and raises its price target from 165 to 175 dollars on Walmart, after a solid quarterly publication, ‘with robust sales in all segments, generating better than expected earnings’ .
‘The forecasts for the year have been raised, and the activity got off to a good start in the fourth quarter’, underlines the broker, for whom the world’s number one retailer is well positioned for the holiday season.
‘Going forward, improving inventory, rising advertising activity and increasing market share among high-income households provide, in our view, future upside potential for Walmart stock. ‘, believes Jefferies.
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