BMO Capital analyst Kelly Bania raised the firm’s price target on Walmart (WMT) to $125 from $110 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s results continue to be marked by a high level of strength and consistency, aided by its multi-year omni-channel transformation, which “remains in the early innings”, the analyst tells investors in a research note. Walmart is making a turning point with General Merchandise and Marketplace, led by strong Apparel sales, which further bolsters the margin outlook, the firm added.
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