Bearish
Walmart's stock drops 1.8% after Mizuho cuts price target to $125.
Walmart's stock declined by 1.8% following Mizuho's downgrade, reducing the price target from $130 to $125. Despite this, the broader analyst consensus remains positive, with a 'Moderate Buy' rating and an average price target of $131.88.
Key points
- Analyst Downgrade: Mizuho lowers Walmart's price target to $125, maintaining an 'outperform' rating.
- Positive Earnings Report: Walmart reported $0.81 EPS and $187.94 billion in revenue, exceeding expectations.
- Institutional Investment: Proficio Capital Partners increased its stake in Walmart by 16.3% in Q2.
Sources
AI-generated from public news sources. Not financial advice.
