Morgan Stanley Maintains Overweight Rating on Walmart Amid Inflation Concerns
Walmart's stock fell nearly 7.3% following a cautious second-quarter outlook, but Morgan Stanley analysts reiterated their confidence with an 'Overweight' rating and $140 price target. The firm highlighted Walmart’s strong performance in online sales, advertising, and membership income as key drivers of its resilience amid rising inflation.
Topics: eCommerce growth inflation Morgan Stanley stock price target Walmart