Oppenheimer Cuts Its Price Target on Walmart Stock
Key Takeaways
- Investment bank Oppenheimer cut its target price on Walmart to $95 per share, the lowest target tracked by Visible Alpha.
- The retailer could attract more shoppers stocking up on products ahead of tariffs, but it will likely feel the impact later in the year, says Oppenheimer.
- Walmart is hosting an investor event later this week.
Walmart (WMT) could attract more shoppers in an uncertain economic environment. The stock, however, may not have much room to run, according to new research.
Oppenheimer analysts in a Monday note cut their price target on the giant retailer’s shares to $95 from $110, below Wall Street’s mean and the lowest one tracked by Visible Alpha. The shares were recently edging higher at near $85….
