JPMorgan added Walmart (WMT) to the firm’s Analyst Focus List as a growth idea while keeping an Overweight rating on the shares with a $137 price target The post-earnings share selloff provides a buying opportunity, the analyst tells investors in a research note. JPMorgan believes Walmart’s share gains and alternate profit pool “flywheel” has accelerated. The firm expects the shares to “recover and get back to its grind higher” as the market prices in Walmart’s future earnings power over time.
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