(CercleFinance.com) – Jefferies confirms its advice to buy the stock with a price target of $175 after the announcement of the results. The group announced yesterday an adjusted EPS of 6.46 dollars for the past financial year. The food distribution giant anticipates growth of 5-6% excluding disposals for the new financial year.
Jefferies believes Q4 margins and EPS broke records despite significant supply chain and labor cost headwinds.
‘Walmart is well positioned as a retailer to gain market share in the current inflationary environment, with an opportunity to increase margins and profits,’ the analysts said.
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