Bernstein Reiterates Market Perform on Walmart (WMT) Following 4Q

Bernstein reiterated a Market Perform rating and $104.00 price target on Wal-Mart (NYSE: WMT) following the company's 4Q earnings report. US Q4 comps grew 2.6%, and Walmart's two-year stack performance was the best in eight years. Comps were driven by traffic growth of 1.6% and ticket growth of 1.0%.

Growth was still slower than expected. Per management commentary around ecommerce, "The slowdown in growth during the quarter was a bit more than we planned". Management expects ecommerce growth to return to 40% next year.

For an analyst ratings summary and ratings history on Wal-Mart click here. For more ratings news on Wal-Mart click here.

Shares of Wal-Mart closed at $94.11 yesterday.

You May Also Be Interested In

• Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)
• BofA lists top 5 themes driving next $1tn in incremental semi sales
• Bernstein SocGen Highlights an 'Enhanced Buying Opportunity' at CRH plc (CRH)