Why Walmart Stock Zoomed 4% Higher Today
An analyst's recommendation upgrade was the news breathing life into Walmart (NYSE: WMT) stock on Tuesday. The upgrade improved investor sentiment on the stock to the point where it ended the trading day more than 4% higher in value. This was a particularly good performance when matched against that of the S&P 500 index, which closed almost 0.5% lower that day.Well before market open, DZ Bank's Mike Pohn changed his recommendation on Walmart stock to buy from his previous hold. He set his price target for the prominent retail stock at $110 per share, which is nearly 13% higher than its most recent closing price. The reasons for Pohn's move weren't immediately apparent. It surely isn't coincidental that it came only several trading days after Walmart released its final set of fiscal 2025 results, however.Continue reading
An analyst's recommendation upgrade was the news breathing life into Walmart (NYSE: WMT) stock on Tuesday. The upgrade improved investor sentiment on the stock to the point where it ended the trading day more than 4% higher in value. This was a particularly good performance when matched against that of the S&P 500 index, which closed almost 0.5% lower that day.
Well before market open, DZ Bank's Mike Pohn changed his recommendation on Walmart stock to buy from his previous hold. He set his price target for the prominent retail stock at $110 per share, which is nearly 13% higher than its most recent closing price.
The reasons for Pohn's move weren't immediately apparent. It surely isn't coincidental that it came only several trading days after Walmart released its final set of fiscal 2025 results, however.
