MKM Partners Turns Bullish On This Retail Giant

MKM Partners analyst Bill Kirk upgraded Walmart Inc WMT to Buy from Neutral with a price target of $166, up from $156, implying a 16% upside.
Relative to peers, Walmart has better inventory levels heading into the holiday and has shown the best progress toward building a subscription model, Kirk notes.
The analyst also believes Walmart is "best positioned should the consumer become more price discerning due to energy and food inflation."
Price Action: WMT shares are trading lower by 0.28% at $142.77 on the last check Friday.