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Wal-Mart (WMT) PT Raised to $94 at Cowen; Reiterates Outperform

October 11, 2017 8:35 AM EDT

Cowen raised its price target on Wal-Mart (NYSE: WMT) to $94.00 (from $86.00) while maintaining a Outperform rating. Analyst Oliver Chen likes WMT's aggressive and innovative strategies to leverage its store network, which Chen believes provides strategic advantages over both brick and mortar and online competition,... More