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Fly News Breaks for May 17, 2019
WMT
May 17, 2019 | 08:19 EDT
BMO Capital analyst Kelly Bania kept her Outperform rating and $115 price target on Walmart after its Q1 earnings beat, saying the quarter was "very encouraging" for her bullish thesis on the stock. The analyst cites Walmart's improving e-commerce profitability and maintains her view that the company stands "well positioned" to leverage its technology and supply chain investments. Bania adds that Walmart's grocery momentum is also accelerating as its mid-single-digit comp increases amid negligible food inflation imply "strong market share gains."
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