TD Cowen raised the firm’s price target on Walmart (WMT) to $136 from $125 and keeps a Buy rating on the shares. The firm said they like the company’s store footprint and moat of fast/convenient delivery, attractive to all-income customers. The copany is building a powerful ecosystem nexus, which will yield profit growth faster than sales growth with profitable eComm; adaptive and early consumer and supply chain A.I.; and growth in marketplace, retail media, and membership.
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