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Bank of America sends strong message to Walmart investors
Bank of America cut Walmart's target to $126 from $144 but kept its Buy rating after a 9% selloff on August 20. The Q2 results tell a more nuanced story.
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CEO John Furner and CFO John David Rainey pointed to one troubling change in shopper habits.
Walmart shares have pulled back, but Bank of America is telling investors the move may have created a fresh opportunity in one of retail’s biggest names. In a Bank of America note given to TheStreet, ...
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