Walmart has Wall Street’s attention – and it’s pushing the retailer’s stock to an all-time high.
Shares of Walmart increased slightly to $67 a share after the big box retailer received an upgraded rating from analysts and price target hikes.
On Monday, JPMorgan upgraded Walmart’s rating from Neutral to Overweight, and also lifted the firm’s price target from $66 to $81 a share.
The adjustment was largely due to Walmart’s “strong balance of defense and offense” against a softer consumer backdrop and a highly uncertain second half of 2024, the bank added.
