Walmart health clinic plans a 'logical next step,' says Morgan Stanley
Morgan Stanley analyst Simeon Gutman noted that CNBC reported late last week that Walmart is opening a health clinic in Georgia later this month, marking its fourth such clinic. He thinks it makes sense for Walmart, which he notes is the third-largest U.S. pharmacy provider, to play a bigger role in healthcare and sees this is a logical next step given what he views as synergies between retail and healthcare. Sam Walton talked about lowering healthcare costs for consumers as long as 30 years ago, noted Gutman, who thinks standalone health clinics can have positive implications for Walmart's retail business but greater potential consequences for better access to healthcare and lower costs for consumers. He maintains an Overweight rating on Walmart shares.