Walmart price target raised to $140 from $130 at Wells Fargo

Wells Fargo analyst Edward Kelly raised the firm’s price target on Walmart (WMT) to $140 from $130 and keeps an Overweight rating on the shares. The firm expects a solid Q4 with 4.5%-plus U.S. same-stores sales and a slight EPS beat. The 2026 outlook is tricky given historical conservatism, but investors expect initial guide below Street, Wells adds.