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Investing.com - KeyBanc has reiterated its Overweight rating and $110.00 price target on Walmart (NYSE:WMT), the $770 billion market cap retail giant, following a post-second quarter investor conference call with the company’s executives. The stock currently trades near $97, with analyst targets ranging from $64 to $127.
The investment firm hosted the call on Friday with Walmart’s Executive Vice President and Chief Financial Officer John David Rainey and Senior Vice President and Head of Investor Relations Steph Wissink.
KeyBanc analyst Bradley Thomas expressed increased confidence in Walmart’s ability to continue gaining market share across channels and grow its advertising and e-commerce business segments.
The firm also highlighted clarity on Walmart’s expense outlook for the remainder of the year as a positive factor in its assessment.
KeyBanc concluded that Walmart remains "one of the most compelling investments in retail" and is well-positioned to drive revenue growth and margin expansion in various consumer environments.
In other recent news, Walmart reported strong sales momentum in its latest quarterly results, with U.S. comparable sales growing by 4.6%, supported by a 1.5% increase in traffic and a 3.1% rise in ticket prices. Despite facing cost pressures, such as unplanned insurance claims, BMO Capital reiterated its Outperform rating on Walmart, maintaining a price target of $110.00. RBC Capital also maintained its Outperform rating, highlighting that excluding certain non-core items, Walmart is on track for operating profit growth in fiscal year 2026. Truist Securities adjusted its price target to $109.00, citing discrete expenses but acknowledged the company’s robust sales performance, including a 5.9% growth at Sam’s Club and over 10% international sales growth in constant currency. DA Davidson reiterated its Buy rating with a price target of $117.00, noting Walmart’s evolving approach to tariff-related price increases. Meanwhile, TD Cowen maintained its Buy rating and $115.00 price target, emphasizing strong comparable sales trends that continued into the third quarter. These developments underscore the company’s resilience despite challenges in profit margins.
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