Walmart profit woes hit retail stocks, deepen consumer spending concerns
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Guggenheim Reiterates Buy Rating on Home Depot (HD) Following CEO Meeting, 'we also find it difficult to envision an EPS scenario below $14-15'
July 28, 2022 9:48 AM EDTGuggenheim analyst Steven Forbes reiterated a Buy rating and $350.00 price target on Home Depot (NYSE: HD).
The analyst comments ": Last week, we hosted a series of in-person meetings with a) Ted Decker President & Chief Executive Officer and b) Isabel JanciVice President, Investor Relations & Treasurer.... More
Walmart (WMT) Announcement Suggests Headwinds For Amazon (AMZN) - BofA
July 26, 2022 10:37 AM EDTAftermarket Monday, Walmart (NYSE: WMT) preannounced a lower profit outlook for the second quarter and fiscal 2023 primarily due to "pricing actions aimed to improve inventory levels."
The report has resulted in a more than 8% plunge for Walmart. However, analysts have warned the announcement may spell potential headwinds for Amazon (NASDAQ: AMZN) as well.
Speaking on Walmart, Morgan Stanley analyst Simeon Gutman said the 11% cut to fiscal 2023 EPS (-16.5% vs. original guide) is another warning shot for retail and challenges their view of Walmart as a... More
