Deutsche Bank Upgrades Walmart Rating and Raises Price Target
WMT Walmart Inc
$116.16 +3.46%
View chart & analysis → - 1Deutsche Bank upgraded Walmart's investment rating from 'hold' to 'buy' and set a revised price target of $136.
- 2Walmart announced new employee benefits, including a $0 prescription tier covering more than 250 drugs and up to 12 weeks of paid Neonatal Intensive Care Unit (NICU) leave.
- 3WMT rose 2.3% in pre-market trading on Thursday, following a gain of more than 8% over the past week.
So what's the key point?
Deutsche Bank recommended buying Walmart and raised its price target to $136. Walmart's stock is expected to rise further following the expansion of employee benefits.
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