Walmart: stock outperforms thanks to a broker upgrade
(CercleFinance.com) - In early trading, Walmart (+0.
9%) is one of the highest risers in the Dow Jones Industrial Average (+0.2%) on Monday, with UBS analysts upgrading the share.
This morning, they upgraded their "neutral" rating on the share of the world's largest retailer,to "buy," while raising their corresponding target price from 130 dollars to 135 dollars.
According to UBS, the US giant is now entering a phase of accelerating earnings growth through productivity gains, expansion in e-commerce and the deployment of new technologies.
The analyst also mentions the success of the group's healthcare offering, as well as its success in key markets such as India.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.