MrBox
2021-08-18
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Bank of America sets new Wall Street high target for Walmart after earnings beat
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That is 26% above where the stock closed on Tuesday.\nOhmes said in a note to clients that Walmart should see continued growth even as the economy normalizes from the pandemic.\n“We think WMT’s grocery share gains could accelerate as the environment normalizes and consumers revert from closer to home/smaller box shopping that favored supermarkets thru COVID. ... Greater price-sensitivity w/ reopening ... could also divert traffic to value names like WMT,” the note said.\nThe retailer’s online shopping push should continue to pay off for the company even after the pandemic, Bank of America said.\n“We believe WMT’s investments in omni-channel execution have supported potentially sticky share gains thru COVID, with US [e-commerce] still +triple-digits% on a 2-yr basis despite slowing on a tough comparison y/y in F2Q,” the note said.\nShares of Walmart have struggled this year, gaining just 4.5%.","news_type":1,"symbols_score_info":{"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":516,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/831330284"}
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