Walmart price target raised to $111 from $107 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Walmart (WMT) to $111 from $107 and keeps a Buy rating on the shares. The company posted another strong quarter, including a U.S. comp gain of 4.5%, modest EBIT expansion and an earnings beat, the analyst tells investors in a research note. Walmart continues to gain share across categories and demographics due to its value and convenience while its alternative revenue streams boost margins, the firm added.