Citi analyst Paul Lejuez reiterated a Buy rating and $169.00 price target on Walmart (NYSE: WMT).

"While we would’ve liked more detail on emerging businesses such as marketplace, fintech and advertising, the event highlighted the opportunities to drive sales and operating margin higher. In our view, the mgmt team is more focused on expanding margins than they have been in the past and we believe they are well-positioned to do this, which we think is a great equation for cont’d stock outperformance, particularly in the current uncertain environment. WMT remains our top pick."

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Shares of Walmart closed at $149.67 yesterday.