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Walmart Cements Top-Pick Status at Citi -- Market Talk

Dow Jones
Apr 10, 2025

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)

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