Piper Sandler starts Walmart at Overweight, Target at Neutral
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How Walmart is using AI to save billions in costs
July 10, 2024 8:30 AM EDTJefferies analysts believe Walmart (NYSE: WMT) is on track to achieve significant cost savings through artificial intelligence (AI) and automation initiatives.
The investment firm estimates this could lead to "$20B+ of incremental EBIT" by fiscal year 2029. Jefferies highlights several developments that support their bullish... More
Piper Sandler Assumes Walmart (WMT) at Overweight
July 10, 2024 4:16 AM EDTPiper Sandler analyst Peter Keith assumes coverage on Walmart (NYSE: WMT) with a Overweight rating and a price target of $81.00.
The analyst comments: "We are assuming coverage of WMT at Overweight with an $81 PT (30x FY26E EPS). While WMT shares... More
