Walmart To Host Second Quarter Earnings Conference Call Aug. 17, 2023

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Walmart (WMT) PT Raised to $180 at Evercore ISI, Opens Tactical Outperform

August 14, 2023 5:36 AM EDT

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $180.00 (from $173.00) while maintaining a Outperform rating.

The analyst comments "We are adding Walmart to the Tactical Outperform List or TAP (Outperform, Base Case $180) ahead of earnings on 8/17. We look for solid traffic, share capture, and margin recovery to drive a beat and raise and believe that Street EPS could move towards our $6.50 for CY23 (i.e. + 3-5%) which is meaningful for a mega cap stock. As $7+ of EPS comes into the... More