Join Us
Name:
Mobile:
Q Q:
Content:
Verify Code:

Latest News

Back

Walmart Inc. is facing a crowded retail landscape heading into 2020, but Morgan Stanley analysts are bullish about the retail giant s growth potential. Analyst Simeon Gutman thinks Walmart had a "solid" performance in 2019, and forecasts continued EBIT growth in the U.S. in 2020. "Walmart s scale and relative defensiveness look even more compelling in light of increasing competition across categories," he wrote. Morgan Stanley rates Walmart stock overweight and raised its price target to $130 from $125. Walmart shares gained 28% in 2019 while the Dow Jones Industrial Average is up 22% for the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.