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Fly News Breaks for March 20, 2019
WMT
Mar 20, 2019 | 07:37 EDT
Evercore ISI analyst Greg Melich initiated Walmart with an In Line rating and $95 base case price target. He thinks its steady cash flow generation, premium dividend, and "fortress balance sheet" have value in the current environment, but he believe that its safe haven status is largely understood and reflected in its current valuation.
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