Rothschild & Co Redburn has increased its price target for Walmart (WMT) to $150 from $110 while maintaining a Buy rating. Analysts point to the company's aggressive digital transformation as a significant catalyst ahead of its upcoming fiscal fourth-quarter earnings.
- The price target hike precedes Walmart’s quarterly earnings report, which is scheduled for release on February 19.
- Shares traded down -0.87% to $132.73 on February 17, reflecting broader market pressure and investor caution regarding upcoming Federal Reserve data.