Truist lowered the firm’s price target on Walmart (WMT) to $107 from $111 and keeps a Buy rating on the shares as part of a broader research note on select Consumer names citing the latest Truist Card Data. April trends improved for most companies monitored due to the late Easter, pull forward demand, and better weather, but while the current trends seem positive, sales and gross margin risks remain for many as the impact of tariffs starts to flow through P&Ls, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart’s Strong Performance and Strategic Positioning Justifies Buy Rating
- Walmart’s Growth Potential Bolstered by Record Walmart+ Membership and Enhanced eCommerce Strategy
- Walmart Stock (WMT) Delivers after Analysts Talk up Tariff Competition and Tech Innovations
- Walmart price target raised to $108 from $107 at Bernstein
- Berkshire Shareholders Reject DEI Proposals amid Surprise Buffett Exit