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Walmart Gets Upgraded, 4 Reasons Why: Stock Is A Mix Of ‘Defense And Offense,’ Analyst Says

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Walmart Inc (NYSE:WMT) is among the stocks heading towards the trillion-dollar club.

The stock is a mix of “defense and offense” on both revenues and profits, amid a soft consumer backdrop with high uncertainty in the back half of 2024, according to JPMorgan.

The Walmart Analyst: Christopher Horvers upgraded the rating for Walmart from Neutral to Overweight, while raising the price target from $66 to $81.

The Walmart Thesis: The company is poised for multi-year double-digit earnings growth, driven by “market share gains, rising alternative profit pool benefits, and International segment profit inflection,” Horvers said in …

Full story available on Benzinga.com

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