RBC Capital analyst Steven Shemesh raised the firm’s price target on Walmart (WMT) to $116 from $106 and keeps an Outperform rating on the shares. The firm has hosted the company’s IR team for a series of investor meetings and walked away with increased conviction in its leadership position and long-term earnings potential, the analyst tells investors in a research note. The discussion focused on the overall consumer health, inflation/price gaps, the OpenAI partnership and Snap benefits, RBC added.
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