(News Bulletin 247) – Jefferies maintains its Buy recommendation and its price target of $175 on Walmart stock.
“We are encouraged by Walmart’s recent automation deployments and its expansion plans for the future,” the analyst said. “Walmart expects these new processes to reduce average unit economic costs by nearly 20% by the end of 2026,” the broker added.
Walmart’s ‘unique’ strengths are underlined by Jefferies for whom the strategy of focusing on increasing the use of its stores is ‘winning in the future, as consumers increasingly prioritize value and convenience ‘
‘Looking forward, we believe Walmart is well positioned for steady revenue growth and even greater improvements in profitability as this new automation is scaled.’
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