Market Overview

'Well-Positioned' Walmart Added To Goldman's Conviction List

Share:
'Well-Positioned' Walmart Added To Goldman's Conviction List

As retailers continue to feel threatened by Amazon.com, Inc. (NASDAQ: AMZN), Goldman Sachs analyst Matthew Fassler still sees Wal-Mart Stores Inc (NYSE: WMT) as “well-positioned.”

“We believe that the company is as well positioned as any mass market retailer — in an admittedly imperfect world for mass market retailers — to cope with increasing demands on ecommerce and technology spend, weather Amazon’s growth and its increased focus on consumables, and maintain its franchise. We see merits in Walmart’s front-loaded investment, scale, capacity for additional investment, small-market focus, and current impressive inventory discipline,” he wrote.

Fassler upgraded Walmart to Buy with an $84 price target and added it to Goldman’s Conviction List.

tipranks.png

5 Reasons Why Fassler Is Bullish On Walmart

  • He likes Walmart’s small market focus and believes it puts the company at less risk to competition in the grocery space.
  • Walmart’s investment in technology and e-commerce as well as the company’s plans to emerge as a leader in the 3-P marketplace.
  • Strong working capital management.
  • Inflation in food has bottomed out.
  • Walmart has a relatively low P/E ratio.

Walmart shares were trading up 1.55 percent, at $76.21 during Friday’s trading session. To read the latest news and exclusive coverage on Walmart check out the Benzinga Pro news feed.


_________
Image Credit: By Walmart Corporate from Bentonville, USA (Walmart store exterior) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commonstipranks.png

Latest Ratings for WMT

DateFirmActionFromTo
Sep 2020OppenheimerMaintainsOutperform
Aug 2020R5 CapitalDowngradesBuyHold
Aug 2020GuggenheimMaintainsBuy

View More Analyst Ratings for WMT
View the Latest Analyst Ratings

 

Related Articles (AMZN + WMT)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas News Upgrades Price Target Reiteration Analyst Ratings Trading Ideas Best of Benzinga

Latest Ratings

StockFirmActionPT
JBLRBC CapitalMaintains38.0
COSTRBC CapitalMaintains412.0
COSTMKM PartnersMaintains325.0
NOWStifelMaintains500.0
MTNTruist SecuritiesMaintains243.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com