0736 ET - Despite a macro backdrop that seems to change by the hour, Walmart's story of favorable positioning against any backdrop remains steady, say analysts at Citi. Following Walmart's investor meeting, Citi says no one can offer the same omni-channel experience, and that Walmart's supply chain and technology are so far ahead of the competition that it doesn't see anyone catching up. Citi, with a buy rating and $120 target price on Walmart shares, says Walmart has the flexibility to maintain its momentum and increase market share in the current environment. Walmart has been Citi's top retail pick for three years, and the analysts say the investor meeting reinforces that view. Walmart down 1% premarket to $88.71 after Wednesday's nearly 10% jump. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 07:36 ET (11:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.