Walmart Earns an Upgrade at Piper Sandler, Shares Up
<p>Piper Sandler analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart (NYSE:WMT)</a> to Overweight from Neutral with a new price target of $210.00 (previously $145.00), attributed to market share gains. As a result, shares rose more than 1% pre-market today.</p>
<p>The analysts expressed confidence in Walmart's ability to further expand its market share as grocery inflation subsides. Piper Sandler emphasized the company's focus on competitive pricing and noted they expect a gradual increase in promotional activities, which bodes well with Walmart given the company’s strong focus on price. As a result, the analysts raised their estimates and consequently upgraded the stock.</p>

NYSE:WMT