Target to cut LGBTQ Pride month products from some stores after backlash, Bloomberg reports

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Walmart, Target added to Evercore's buy list ahead of earnings

May 13, 2024 8:48 AM EDT

Evercore ISI analysts added Walmart (NYSE: WMT) and Target (NYSE: TGT) to its Positive TAP list on Monday, initiating both with Outperform ratings.

The firm said that Walmart's 1Q Comp of 3.6% and EPS of $0.53 are attainable, with potential upside in their 5/16 earnings report.

"We believe the company is executing at a high level while pursuing initiatives such as digital advertising, Walmart Plus, and automation: Even a modest... More