Walmart price target raised to $115 from $111 at Evercore ISI

Evercore ISI analyst Greg Melich raised the firm’s price target on Walmart (WMT) to $115 from $111 and keeps an Outperform rating on the shares following “a modest beat and raise” report that showcased growth across multiple areas. Walmart, which is leveraging its scale and strategic reinvestments to maintain its competitive edge, remains “a standout in a challenging retail landscape,” the analyst tells investors.