Updates

** Walmart WMT.N on Thursday forecast sales for fiscal year 2026 below Wall Street estimate, signaling that the world's largest retailer expects inflation-weary consumers to pull back after several quarters of solid growth

** Shares down 1.6% at $95.66

** Five brokerages cut PTs on stock, while four raise targets

** Average rating of 43 brokerages covering WMT is "buy" with median PT of $110, according to data compiled by LSEG

WALMART'S MARKET MASTERY A VALUE BUYERS' DREAM

** J.P.Morgan ("overweight", PT: $112) is optimistic about WMT, highlighting strong growth in traditional retail drivers and strategic reinvestments

** RBC Capital Markets ("outperform", PT: $107) says WMT's fundamentals remain strong despite disappointing FY26 projection

** Jefferies ("buy", PT: $120) views WMT's FY forecast as conservative, expecting the company to exceed its targets with accelerating profit growth compared to the last two years

** Deutsche Bank ("buy", PT: $113) says given WMT's history of conservative guidance, the setup from here is for beats and raises

** Telsey Advisory Group ("outperform" PT:$115) says WMT's business momentum remains solid; early success is visible from higher engagement, share gains across consumers of all incomes, especially upper-income households

(Reporting by Rashika Singh and Neil J Kanatt in Bengaluru)

((rashika.singh@thomsonreuters.com))