Walmart's (WMT) Clothing Division Gains UBS Confidence After NYC Pop-Up Visit

Walmart Inc. (NYSE:WMT) ranks among the stocks with low beta that can beat market volatility. UBS reaffirmed its Buy rating and $110 price target for Walmart Inc. (NYSE:WMT) on September 22 following a visit to the retailer’s clothing pop-up shop in New York City. During the visit, UBS reinforced its belief that Walmart Inc. (NYSE:WMT) has solid potential to grow its clothes division, which has recently been one of its better-performing segments within its general merchandise sector.

UBS pointed out that Walmart Inc. (NYSE:WMT) has been implementing a methodical approach while moving quickly over the past few years, having carefully identified areas where it might better serve customers.

The bank emphasized Walmart’s increased emphasis on quality and value rather than merely pricing, which led to products that seem “much sharper and trendy,” characteristics that UBS thinks might be mirrored in other general retail categories.

Walmart Inc. (NYSE:WMT) ranks as the world’s largest brick-and-mortar retailer, with over 100,000 stores. The company’s sectors include Walmart US, Walmart International, and Sam’s Club, which provide a wide range of products, including clothes, electronics, and home furnishings.

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Disclosure: None. This article is originally published at Insider Monkey.