Reported 4 months ago
Analysts reset Walmart's stock price target ahead of its annual shareholders' meeting and associates celebration, where CEO Doug McMillon highlighted the company's initiatives to boost employee retention by promoting from within. The company announced plans to invest in talent, increase base pay for store managers, and redesign bonuses. Walmart also expanded its InHome delivery service to ten million more households, reported strong first-quarter earnings, and saw a surge in its stock price. Analysts at Evercore ISI raised Walmart's price target to $72, citing potential for sustained share gain and outsized profit growth.
Source: YAHOO