Jefferies Reiterates Buy Rating on Walmart (WMT), 'Buy WMT Shares'

Jefferies analyst Corey Tarlowe reiterated a Buy rating and $190.00 price target on Walmart (NYSE: WMT).

The analyst commented: "WMT recently announced its plans to build or convert 150 stores over the next 5 years, including 12 new stores this year. WMT has not opened a new Supercenter in roughly two years. In addition, the co. announced a 3-for-1 stock split, payable on Feb 23 (after WMT reports 4Q24 results on Feb 20). Although these announcements do not significantly change WMT's structure, we view them as incrementally positive to WMT's growth and multiple expansion prospects."

For an analyst ratings summary and ratings history on Walmart click here. For more ratings news on Walmart click here.

Shares of Walmart closed at $165.59 yesterday.

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