Analysts Are Increasing Price Targets of These 5 Stocks

03. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 66

Walmart Inc. (NYSE:WMT) is the world’s largest retailer. It has more than ten thousand stores all over the world and more than two million employees. The firm is known for large warehouses, alongside supermarkets, hypermarkets, and cash and carry stores. On April 25, KeyBanc analyst Bradley Thomas raised the price target on Walmart Inc. (NYSE:WMT) from $170 to $175 and maintained an Overweight rating on the shares after conducting investor meetings with senior management. The firm believes that Walmart Inc. (NYSE:WMT) has the most compelling growth outlook of the past 20 years, supported by share gains in key categories, accelerating growth from margin accretive businesses, and cost and efficiency benefits from automation. Furthermore, KeyBanc sees many long-term drivers ahead.