Walmart Selects Spartanburg County for New High-Tech Grocery Distribution Center

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Walmart (WMT) Added to Goldman's Conviction Buy List, Target (TGT) Removed

October 19, 2021 6:48 AM EDT

Goldman Sachs analyst Kate McShane has added the Buy-rated Walmart (NYSE: WMT) to the bank's 'Americas Conviction Buy List' while removing the Buy-rated Target (NYSE: TGT) from the same list.

Walmart is added as the company has improved its ability to grow EBIT dollars along with continued investments, which we think will gain investor attention as the company executes over the coming year, McShane said in a client note.

The analyst also takes note of the recent stock underperformance which yields an attractive entry point... More