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Fly News Breaks for February 20, 2018
WMT
Feb 20, 2018 | 16:14 EDT
Citi analyst Kate McShane recommends using today's post-earnings pullback in shares of Walmart as a buying opportunity. On a two-year stack, Walmart U.S. comps were up 4.4%, the best performance in eight years and outpacing competitors, McShane tells investors in a research note titled "The Bloom is Not Off this Rose; Buy on Pullback." She remains bullish on Walmart's prospects in the near and long term and keeps a Buy rating on the stock with a $117 price target.
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