Walmart sells majority of Brazil unit, takes $4.5 billion charge

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Cowen Remains Bullish on Walmart (WMT) Following Shareholder Meeting

June 6, 2018 7:05 AM EDT

Cowen reiterated an Outperform rating and $105.00 price target on Wal-Mart (NYSE: WMT) following the company's shareholder meeting. Cowen came away from the meeting encouraged by management's physical, digital, and capital allocation strategies as U.S., International & Sam's Club portfolios are being re-mastered.

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