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📰 $WMT – A BIG WALMART BULL GROWS MORE BULLISH Walmart bull Citi boosts its target price to $98 from $75, citing increased near- and long-term conviction about shares of the retail behemoth. In a research note, Citi says it believes Walmart has had a strong back-to-school season, and the analysts expect that momentum to last into the crucial holiday season. Longer-term, Citi says it thinks Walmart’s higher-margin growth opportunities will help drive higher sales and EBIT margins and change the way investors think of the retailer. Citi reiterates its buy rating on Walmart shares and says the stock remains its top retail pick. Walmart up 0.5% premarket to $80.30.

September 27, 2024
Frank

$WMT – A BIG WALMART BULL GROWS MORE BULLISH

Walmart bull Citi boosts its target price to $98 from $75, citing increased near- and long-term conviction about shares of the retail behemoth. In a research note, Citi says it believes Walmart has had a strong back-to-school season, and the analysts expect that momentum to last into the crucial holiday season. Longer-term, Citi says it thinks Walmart’s higher-margin growth opportunities will help drive higher sales and EBIT margins and change the way investors think of the retailer. Citi reiterates its buy rating on Walmart shares and says the stock remains its top retail pick. Walmart up 0.5% premarket to $80.30.