Walmart price target raised to $130 from $117 at DA Davidson

DA Davidson raised the firm’s price target on Walmart (WMT) to $130 from $117 and keeps a Buy rating on the shares. The company posted results this quarter that were largely better than other big box retailers earlier this week, and while there was some moderation in the low end consumer, the remarkably consistent results indicate that Walmart’s flytrap around convenience is attracting higher income households, the analyst tells investors in a research note. Pricing was up with more inflation in general merchandise, but Walmart is still finding ways to provide value on the low end with rollbacks, primarily on grocery items, the firm added.