Walmart (WMT) August 160 straddle into quarter results

Go back to Walmart (WMT) August 160 straddle into quarter results

Here are Deutsche Bank's top picks heading into earnings

August 14, 2023 2:23 PM EDT

In a recent note to clients, analysts at Deutsche Bank highlighted two top second-quarter picks heading into their earnings releases.

The firm's analyst Krisztina Katai picked out beauty salon firm Ulta Beauty (NASDAQ: ULTA) and retail giant Walmart (NYSE: WMT), believing both will top consensus expectations. The firm sees WMT raising guidance, while ULTA is expected to reiterate its outlook when it reports earnings for its latest quarter.

The analyst maintained a Buy rating and $182 price target on Walmart, which is... More

Walmart (WMT) PT Raised to $180 at Evercore ISI, Opens Tactical Outperform

August 14, 2023 5:36 AM EDT

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $180.00 (from $173.00) while maintaining a Outperform rating.

The analyst comments "We are adding Walmart to the Tactical Outperform List or TAP (Outperform, Base Case $180) ahead of earnings on 8/17. We look for solid traffic, share capture, and margin recovery to drive a beat and raise and believe that Street EPS could move towards our $6.50 for CY23 (i.e. + 3-5%) which is meaningful for a mega cap stock. As $7+ of EPS comes into the... More