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Fly News Breaks for October 19, 2018
WMT
Oct 19, 2018 | 07:13 EDT
Oppenheimer analyst Rupesh Parikh maintained a Perform rating and $100 price target on Walmart after attending the company's analyst day earlier this week. Overall, Parikh tells investors in a research note that he walked away "much" more confident in Walmart's ability to sustain top-line momentum and drive improved operating leverage going forward, but says that valuation combined with a more muted near-term earnings delivery represents the primary sticking point for him in not recommending shares.
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