Telsey Advisory raised the firm’s price target on Walmart (WMT) to $118 from $115 and keeps an Outperform rating on the shares. Telsey expects Walmart will remain a market share gainer in the retail industry and is encouraged by the company’s expanded vision beyond retail and e-commerce, the analyst tells investors. The firm notes the company’s planned new businesses are more profitable than traditional retail, which should help the company grow its operating income faster. Published first on Th
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