These Analysts Cut Price Targets On Walmart Following Outlook Cut

Walmart Inc. WMT lowered its guidance for the second quarter and full fiscal year. The company said it revised its outlook as a result of pricing actions aimed to improve inventory levels at Walmart and Sam's Club in the U.S.

Walmart shares tumbled 9.2% to $119.84 in the pre-market trading session.

Several analysts made changes to their price targets on Walmart following profit warning.

• Telsey Advisory Group lowered price target on the stock from $160 to $145.
• Oppenheimer lowered Walmart price target from $165 to $135.
• B of A Securities cut the price target on the stock from $160 to $145.
• Wells Fargo lowered the price target from $150 to $130.
• RBC Capital lowered Walmart price target from $153 to $135.
• Stifel cut the price target on the stock from $150 to $145.
• Guggenheim lowered Walmart price target from $175 to $155.
• Credit Suisse cut the price target on the stock from $155 to $133.
• UBS lowered Walmart price target from $165 to $152.
• Morgan Stanley cut the price target on the stock from $156 to $145.
• Goldman Sachs lowered Walmart price target from $25 to $12.
• Atlantic Equities cut the price target on the stock from $18 to $13.