KeyBanc Shares Additional Thoughts on Walmart (WMT) Post 2Q

KeyBanc analyst Bradley Thomas reiterated an Overweight rating and $110.00 price target on Walmart (NYSE: WMT).

The analyst commented: "Additional Thoughts Post 2Q- Market Share Momentum, Expense Clarity; On Friday, we hosted an investor-only, post-2Q conference call with Walmart’s EVP and CFO, John David Rainey, and SVP and Head of Investor Relations, Steph Wissink. We come away from the call increasingly positive on the Company’s opportunity for continued share gains across channels, ability to continue to grow the advertising and e-commerce business, and the expense outlook for the balance of the year. As such, we believe WMT remains one of the most compelling investments in retail and one of the best positioned retailers to drive revenue growth and margin expansion, in this and other potential consumer environments. We reiterate our Overweight rating."

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 $96.83 yesterday.

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