Walmart (WMT) PT Raised to $113 at Bernstein SocGen Group

Bernstein SocGen Group analyst Zhihan Ma raised the price target on Walmart (NYSE: WMT) to $113.00 (from $108.00) while maintaining an Outperform rating.

The analyst commented: "Investors will scrutinize gross margins as they come out, after management called out impacts from RIM. Will there be a bump? That aside, expectations for top line growth are high, given management’s stated share gain ambitions. Further, given WMT’s status as an economic barometer, investors will pay close attention to any commentary about the state of the consumer and demand elasticity in H2."

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