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Greater chance of overdelivering on guidance for Walmart, Home Depot leaves room for under-delivering - Morgan Stanley

February 22, 2023 9:58 AM EST

Morgan Stanley analyst Simeon Gutman cut the firm's price target on Home Depot (NYSE: HD) to $340 from $360 and Walmart (NYSE: WMT) to $160 from $161 in a note to clients on Wednesday.

The analyst, commenting on both companies' earnings, said while there were a few parallels between the two wage... More