Walmart (WMT) PT Raised to $167 at Stifel

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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