After recently attending Walmart's (WMT) presentations, UBS remains upbeat on WMT stock. According to the Swiss bank, the retailer is executing well and has a good management team.

Other Reasons for UBS' Bullishness on WMT

WMT can deliver strong results and beat the Street's average expectations in almost any macroeconomic scenario, according to UBS. What's more, UBS remains confident in the retail giant's ability to execute its plans successfully.

Also importantly, UBS noted that the retailer has a strong balance sheet.

The Swiss bank trimmed its price target on WMT to $110 from $112 but kept a Buy rating on the name.

WMT Presented Upbeat Targets

During WMT's recent presentations, the company noted that it is seeking to increase its revenue by up to 4% this year. It also believes that the growth of its operating income, excluding certain items, can reach 5.5%.

On the other hand, the company did note that it is seeking to “maintain flexibility to invest in price as tariffs are implemented.” The latter statement suggests that its profits could take a hit as a result of the tariffs that the U.S. is implementing.

WMT added that its "operating income has been harder to predict, and we’ve widened our internal range of scenarios, given the current backdrop."

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Disclosure: None. This article is originally published at Insider Monkey.