Walmart price target lowered to $137 from $140 at RBC Capital

RBC Capital lowered the firm’s price target on Walmart (WMT) to $137 from $140 and keeps an Outperform rating on the shares after its inline Q1 results and below-consensus guidance. At 40-times expected earnings heading into the print, the bar for the stock was high, and higher fuel costs resulted in slightly worse unanticipated flow-through, the analyst tells investors in a research note.