Walmart Stock (NYSE:WMT) Shrugs off Boycott, Price Target Cut
Give giant retailer Walmart (WMT) credit, because it took multiple lickings today but kept on ticking, and ticking quite well. A planned boycott over issues of diversity, equity and inclusion (DEI) and a price target cut at Oppenheimer should have been enough to scuttle the stock’s price today. However, investors stuck to their guns and their shares alike, sending Walmart up fractionally in the closing minutes of Monday’s trading.
The first major hit for Walmart was that today marked the beginning of a “Walmart Boycott.” The boycott in question is set to run through the rest of the week, and is part of a larger stream of boycotts targeting companies that have recently pared back DEI policies in accordance with guidance from…
