Deutsche Bank upgraded Walmart from hold to buy and raised its price target from $113 to $136, implying 17% upside from Wednesday’s close. The bank believes the current inflationary environment reinforces Walmart’s value proposition and should accelerate its market share gains. E-commerce expansion, including its online marketplace and delivery service, as well as the AI-powered shopping assistant called Sparky, which increases basket size by 40%, support this outlook. Among the 44 analysts covering the stock, 39 recommend buy or strong buy.
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