- Wells Fargo analyst Edward Kelly raised the price target for Walmart Inc (NYSE:WMT) to $170 from $155 while maintaining the rating at Outperform, following the announcement of its growth strategy on investor day last week.
- The analyst believes the company’s plan to invest in advanced technologies should drive share gain and boost earnings.
- The new share price target applies a 25x multiple to the 2024 EPS estimate, which is at the higher end of the historical range, given the analyst’s confidence in the brand name and clarity related to the growth strategy.
- The analyst sees several risk factors: slowing traffic comps as in-store initiatives mature, the impact of food disinflation, higher digital mix diluting the company’s margin profile, and ongoing cost pressures.
- Price Action: WMT shares are trading lower by 0.17% at $150.55 on the last check Monday.
- Photo via Wikimedia Commons
eFFECTOR Therapeutics Q4 EPS $(0.22) Beats $(0.24) Estimate, Sales $674.00K Beat $660.00K Estimate
eFFECTOR Therapeutics (NASDAQ:EFTR) reported quarterly losses of $(0.22) per share which beat the analyst consensus estimate of $(0.24) by 8.33 percent. This is a 150 percent decrease over earnings of $0.44 per share
