Walmart rises as Deutsche upgrades to 'buy'

Walmart

15/10/2026 16:22

** Shares of retail giant Walmart WMT.O up ~3% at $119.30 
** Deutsche Bank upgrades Walmart to "buy" from "hold", says retailer well-positioned to gain market share in current inflationary environment as consumers seek value; PT of $136
** Brokerage says consumer trends have improved from three months ago, with lower-income shoppers stabilizing since July and higher-income spending remaining healthy
** Expects profit margins to improve as higher-margin businesses continue to outgrow core retail and automation benefits increasingly flow through results
** Co "remains highly confident," brokerage says, adding that consumer spending trends are "stable to improving" compared with three months ago
** 40 of 44 brokerages rate stock "buy" or "higher", four "hold"; their median PT is $130 - LSEG data
** Up to last close, stock up about 4% YTD
     

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))