Walmart price target raised to $140 from $125 at BTIG

BTIG raised the firm’s price target on Walmart (WMT) to $140 from $125 and keeps a Buy rating on the shares ahead of its Q4 results next week. Over the last several years, as Walmart has gained share, the company has experienced retention of its share gains at the highest level in the company’s long history, and the firm expects this momentum to be sustained, the analyst tells investors in a research note. Although no company is completely immune to economic factors, Walmart and Sam’s Club continue to attract consumers seeking affordability, BTIG added.