Wells Fargo & Co. analysts have increased their price target for Walmart Inc. to $175 from $170 a share, anticipating that the retail giant will surpass Wall Street estimates in its upcoming second-quarter results.
Wells Fargo & Co. analysts on Wednesday hiked their price target for Walmart Inc. WMT to $175 from $170 a share on expectations that the retail giant will beat Wall Street estimates when it reports second-quarter results next week. “WMT seemed somewhat cautious on the macro in our recent meetings, but the company-specific tone was notably positive,” said analyst Edward Kelly. Wells Fargo now expects Walmart to earn $1.75 a share, ahead of the FactSet consensus view of $1.69 a share.
Wells Fargo & Co. analysts on Wednesday hiked their price target for Walmart Inc. WMT to $175 from $170 a share on expectations that the retail giant will beat Wall Street estimates when it reports second-quarter results next week. “WMT seemed somewhat cautious on the macro in our recent meetings, but the company-specific tone was notably positive,” said analyst Edward Kelly. Wells Fargo now expects Walmart to earn $1.75 a share, ahead of the FactSet consensus view of $1.69 a share.
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