Walmart (WMT) received a significant price target increase from KeyBanc, which raised its target to $128 (up from $120) while maintaining an Overweight rating, citing strong market share gains.
- The upgrade is supported by the resilience of the grocery segment, which is seeing low single-digit comparable sales and traffic growth.
- The stock is trading at $114.40 (+0.05%), showing a modest gain in line with the broader market movement, as the Dow rose 0.27%.