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Barclays has maintained an Overweight rating on Walmart Inc. with a $108 price target, anticipating the upcoming investment community meeting will highlight the retailer's market share gains and strong financial performance. Despite tariff challenges, Walmart's strategic cost management and e-commerce growth position it well for continued success, supported by a $6 billion investment plan in Mexico aimed at expanding its presence and creating jobs. Analysts from DA Davidson and Jefferies also reaffirmed their Buy ratings, with price targets of $117 and $120, respectively.
UBS has lowered Abercrombie & Fitch's price target to $150 from $210 while maintaining a Buy rating, citing strong sales and a projected 10% EPS CAGR despite recent margin pressures. Following a Q4 earnings report, other analysts also adjusted their targets, reflecting challenges but overall confidence in the brand's growth potential. The company anticipates 3-5% net sales growth for 2025 and plans to open around 100 new stores.
UBS has lowered its price target for Abercrombie & Fitch to $150 from $210 while maintaining a Buy rating, citing the company's strengthened market position despite a recent 9% drop in shares due to margin pressure concerns. Analysts forecast a 10% CAGR in EPS over five years, with expectations for the P/E ratio to expand from 8 to 11 times, reflecting growth potential. Other analysts have also adjusted their price targets, with Citi lowering it to $135 and JPMorgan to $168, while Abercrombie & Fitch anticipates 3-5% net sales growth in 2025 and plans to open around 100 new stores.
Stocks opened higher but closed mixed as rising Treasury yields dampened early enthusiasm. The Dow fell 0.2% for its seventh consecutive loss, while the Nasdaq gained 0.1%, buoyed by Broadcom's 24.4% surge after strong earnings and a dividend hike. RH and Costco also reported solid earnings, with RH stock up 17% and Costco rising 0.1%.
Top Wall Street analysts are optimistic about dividend stocks as the Federal Reserve embarks on a rate-cutting campaign. Exxon Mobil (XOM) reported strong Q3 results, increasing its dividend for the 42nd consecutive year, while Coterra Energy (CTRA) aims to return over 50% of its free cash flow to shareholders. Walmart (WMT) also raised its annual dividend, benefiting from robust e-commerce growth and improved margins.
Corey Tarlowe
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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