Walmart price target raised to $137 from $135 at Wolfe Research

Wolfe Research raised the firm’s price target on Walmart (WMT) to $137 from $135 and keeps an Outperform rating on the shares. Walmart should post strong Q1 results, though there could be noise related to pharmacy headwinds this quarter, the analyst tells investors in a research note. Despite this, Walmart remains an all-weather compounder, and while the steep valuation remains a sticking point, Wolfe says.