Walmart and Flipkart Announce Completion of Walmart Investment in Flipkart, India’s Leading Marketplace eCommerce Platform

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Go back to Walmart and Flipkart Announce Completion of Walmart Investment in Flipkart, India’s Leading Marketplace eCommerce Platform

MKM Partners Remains Sidelined on Walmart (WMT) Following Announced Acquisition

August 21, 2018 7:07 AM EDT

MKM Partners analyst, Patrick McKeever, reiterated a Neutral rating and $107.00 price target on Wal-Mart (NYSE: WMT) following the company's announced agreement to become the largest shareholder in Flipkart Group. WMT now owns 77%. The remainder of Flipkart is held by co-founder Binny Bansal, Tencent, Tiger Global... More