Walmart price target raised to $145 from $128 at KeyBanc

KeyBanc analyst Bradley Thomas raised the firm’s price target on Walmart (WMT) to $145 from $128 and keeps an Overweight rating on the shares. The firm believes Walmart is one of the best positioned to navigate the current environment. Economic data remains mixed with tailwinds from lower mortgage/interest rates, improved housing data, and job growth, but headwinds remain from low consumer confidence and a higher cost of living, KeyBanc points out. Looking ahead, the firm sees a potential positive catalyst to spending from higher tax refunds and easier monetary policy, which should accelerate spending in the months ahead.