US economic data, Cisco, Walmart, UK growth - what's moving markets

DA Davidson Reiterates Buy Rating on Walmart (WMT)

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $85.00 price target on Walmart (NYSE: WMT).

The analyst comments "We hosted a call with Walmarts CFO John David Rainey and SVP, Investor Relations Steph Wissink on Friday afternoon,... More

HSBC Upgrades Cisco (CSCO) to Buy, 'Expect sharp growth'

HSBC analyst Stephen Bersey upgraded Cisco (NASDAQ: CSCO) from Hold to Buy with a price target of $58.00 (from $46.00).

The analyst comments "Expect sharp growth: We expect Ciscos non-GAAP EPS to rise at a CAGR of 11.6% over CY24-27e. For FY25e, we expect non-GAAP EPS of USD3.86, ahead of company guidance of USD3.55 and consensus of... More

Williams Trading Double Upgrades Nike (NKE) to Buy

Williams Trading analyst Sam Poser upgraded Nike (NYSE: NKE) from Sell to Buy with a price target of $93.00 (from $67.00).

The analyst comments "Upgrading to Buy. Raising PT from $67 to $93. It is not that we believe a major directional change for the business... More

Walmart (WMT) PT Raised to $80 at RBC Capital

RBC Capital analyst Steven Shemesh raised the price target on Walmart (NYSE: WMT) to $80.00 (from $74.00) while maintaining a Outperform rating.

The analyst comments "WMT posted impressive top-line growth, which appears to be a function of market share gains, not U.S. consumer... More

Walmart (WMT) PT Raised to $82 at Morgan Stanley

Morgan Stanley analyst Simeon Gutman raised the price target on Walmart (NYSE: WMT) to $82.00 (from $75.00) while maintaining a Overweight rating.

The analyst comments "Deriving our SOTP-backed PT of $82. We are raising our PT to $82 (from $75) for ~10% upside. Our SOTP methodology is built from these... More

Deutsche Bank Reiterates Buy Rating on Walmart (WMT)

Deutsche Bank analyst Paul Trussell reiterated a Buy rating and $77.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT International delivered another impressive quarter, led by Walmex, China, and Flipkart. SSS, by our calculation, increased +6.2% vs. +8.2% in 1Q, driven by momentum in food and consumables, as well as improved general merchandise performance,... More

Walmart (WMT) PT Raised to $81 at Roth/MKM

Roth/MKM analyst Bill Kirk raised the price target on Walmart (NYSE: WMT) to $81.00 (from $71.00) while maintaining a Buy rating.

The analyst comments "Traditionally, Walmart competed primarily on value, but increased e-commerce adoption and investment now allows Walmart to compete on the equally important, and... More

Walmart (WMT) PT Raised to $85 at BofA Securities

BofA Securities analyst Robert Ohmes raised the price target on Walmart (NYSE: WMT) to $85.00 (from $75.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy on WMT and raise PO to $85 (was $75) based on 32x our +5c F26E... More

BofA Securities Reiterates Buy Rating on Cisco (CSCO)

BofA Securities analyst Tal Liani reiterated a Buy rating and $60.00 price target on Cisco (NASDAQ: CSCO).

The analyst comments "4Q24 revenue growth of -10.3% YoY was better than Street's -11%, supported by better-than-expected product revenue growth. Order trends improved, with total... More

Citi Reiterates Buy Rating on Walmart (WMT)

Citi analyst Paul Lejuez reiterated a Buy rating and $75.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT posted another beat, with sales, GM and EPS above consensus and guidance. US comps +4.2% (vs cons of +3.7%, though the bar was closer to... More

DA Davidson on Walmart (WMT) Post Earnings: Remains a Best-of-Breed Bison Name, 'one of our top picks of the year'

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $75.00 price target on Walmart (NYSE: WMT).

The analyst comments "Walmart continues to take share and because of that, is providing a much different tone with respect to business trends relative to... More

Stifel Reiterates Hold Rating on Walmart (WMT)

Stifel analyst Mark Astrachan reiterated a Hold rating and $73.00 price target on Walmart (NYSE: WMT).

The analyst comments "Walmart reported solid F2Q25 results and raised F2025 sales, EBIT, and EPS growth expectations. U.S. comp growth of 4.2% (consensus ~3.4%) was comprised of 0.6% ticket and 3.6%... More

Walmart (WMT) stock jumps on earnings beat, strong eCommerce growth

(Updated - August 15, 2024 9:43 AM EDT)

Walmart (NYSE: WMT) reported its second-quarter earnings on Thursday, topping analyst expectations. The retail giant's shares jumped more than 7% at the open, with the company's strong earnings driven by robust eCommerce growth and improved margins.

Walmart posted adjusted earnings per share of $0.67, beating the analyst estimate of $0.64. Revenue for the quarter was $169.3 billion, exceeding the consensus estimate of $168.52 billion and representing a 4.8% increase year over year.

The company's global eCommerce sales grew 21%, led by store-fulfilled pickup and delivery services and marketplace growth. Walmart's consolidated... More

Cisco (CSCO) PT Raised to $58 at Rosenblatt

Rosenblatt analyst Mike Genovese raised the price target on Cisco (NASDAQ: CSCO) to $58.00 (from $56.00) while maintaining a Neutral rating.

The analyst comments "We thought it was a pretty good quarter, but are maintaining a Neutral rating, We would rather own Extreme (EXTR, Buy) for... More