Walmart price target raised to $137 from $120 at Guggenheim

Guggenheim raised the firm’s price target on Walmart (WMT) to $137 from $120 and keeps a Buy rating on the shares. Scale, mix, value perception, and operational intensity position Walmart well for the “macro-related schizophrenia that has seen the market ping-pong between risk-off and risk-on preferences over the past year,” the analyst tells investors.