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Stock impact report

Walmart (WMT) Coverage Reinstated With Bullish Outlook from BofA [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
Walmart Inc. (NASDAQ: WMT ) is included among the 13 Best March Dividend Stocks to Buy Walmart (WMT) Coverage Reinstated With Bullish Outlook from BofA Niloo / Shutterstock.com On February 27, BofA reinstated coverage of Walmart Inc. (NASDAQ:WMT) with a Buy rating. The firm set a price target of $150 on the stock. The analyst said Walmart continues to gain market share, especially among higher-income consumers, helped by faster delivery options. At the same time, the company remains competitive with lower-income shoppers by maintaining its everyday low pricing strategy. The analyst noted that steady sales growth, along with faster profit expansion, could lead to upward revisions in earnings estimates. This momentum, in the firm's view, could also allow the stock's valuation multiple to “grind higher.” A day earlier, on February 26, Reuters reported that Walmart agreed to pay $100 million to settle claims brought by the U.S. Federal Trade Commission (FTC) and 11 states. Regula Show less Read more
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