Wal-Mart (WMT) PT Raised to $112 at KeyBanc Following Strong 3Q

KeyBanc raised its price target on Wal-Mart (NYSE: WMT) to $112.00 (from $100.00) while maintaining a Overweight rating following the company's 3Q earnings report.

Walmart’s very strong performance in the 3Q is a direct result of a two-year+ investment process to make the retailer a better place to shop. Better customer service, a renewed focus on fresh, sharp tactical execution, and aggressive investments in e-commerce all drove better results.

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