Walmart: Jefferies still a buyer
(CercleFinance.com) - On Wednesday Jefferies analysts confirmed their "Buy" recommendation on the Walmart stock, after the official launch of the Walmart+ subscription.
"Today's announcement is largely in line with expectations, but we expect add'l benefits to come in the next few qtrs," the broker says.
Jefferies confirms its target price of 157 dollars for the share.
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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.
"Today's announcement is largely in line with expectations, but we expect add'l benefits to come in the next few qtrs," the broker says.
Jefferies confirms its target price of 157 dollars for the share.
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.