Walmart's Retail Expansion, Growing E-Commerce, Tech Leverage Earns It Analyst Upgrade

Tigress Financial analyst Ivan Feinseth upgraded Walmart Inc WMT from Neutral to Buy and raised the price target from $170 to $176.
The re-rating reflected Walmart's expansion in all directions to meet the ever-changing retail environment, which, combined with its higher-margin flywheel growth businesses, will drive further shareholder value creation.
Growing e-commerce and delivery capabilities and WMT's ability to leverage its massive customer transaction data and ongoing expansion into high-margin services will drive a significant increase in Business Performance trends.
Also Read: Walmart Hikes Minimum Wage For Hourly US Workers To $14, Lift Average Hourly Wage to $17.50
WMT continues to leverage technology and innovation as it invests in e-commerce fulfillment and delivery initiatives.
WMT continually reinvests its cash flow to increase operating efficiencies, omnichannel capabilities, strategic acquisitions to remain competitive and expand its services offerings, and dividend increases and share repurchases to enhance shareholder returns further.
The price target boost reflects WMT's industry leadership position, substantial brand equity, and execution excellence.
Price Action: WMT shares traded higher by 0.01% at $142.35 on the last check Thursday.

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