Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Walmart (WMT) to $135 from $130 and keeps an Outperform rating on the shares. Telsey names Walmart as one of its top picks in Discounters and Supermarkets for 2026. The company’s business momentum remains strong as Walmart continues to gain new customers across income cohorts, the firm adds. The firm believes the company’s initiatives, improvement in e-commerce profitability, gains from automation, and improved service levels should position Walmart as a retailer of choice for customers.
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