Analysts Bullish On Walmart Growth


Walmart has held its own against retail competitors this year in terms of growing sales and investing for the future. But Walmart shares have lagged competitors, and is down 4.5% year-to-date while Costco shares are up 20%, Target shares are up 33% and Amazon is up 60%.

Monday, ahead of Tuesday’s (Oct. 16) annual investor conference, Walmart shares (NYSE: WMT) closed at $93.82, down 99 cents.

Deutsche Bank and Stephens Inc. analysts see upside potential for the Bentonville-based retail behemoth in the months ahead, according to recent investor notes ahead their upcoming meeting with Walmart management in Bentonville. Paul Trussell, retail analyst with Deutsche Bank, has been on the sidelines with Walmart but in a recent research note he upgraded the stock to a “buy” position with a $113 per share price target.    MORE

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