Barclays analyst Karen Short upgraded Wal-Mart to Overweight while initiating the Food & Staples Retailing industry with a Neutral view. She assumed coverage of Wal-Mart and upped her price target for the shares to $87 from $70. Wal-Mart is Short's top pick in the sector. The retailing giant's "re-emergence as a disruptor" has the potential to "wreak havoc" on many companies in the space, Short tells investors in a research note.
Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here