Telsey Advisory Maintains a Buy on Walmart Inc. (WMT)

Walmart Inc. (NYSE:WMT) is one of the best natural and organic food stocks to buy now. In a report released on February 17, Telsey Advisory reaffirmed a Buy rating on Walmart Inc. (NYSE:WMT) and set a price target of $135.00. The same day, Rothschild & Co Redburn raised their price target on the stock to $150 from $110 while reiterating a Buy rating on the shares and telling investors that it sees the company’s digital opportunities driving 14% annual earnings growth through 2028. According to the firm, Walmart Inc. (NYSE:WMT) has “multiple levers” to deliver this growth, with its AI opportunities driving incremental upside.

Walmart Inc. (NYSE:WMT) also received a rating update from KeyBanc on February 13, with the firm adjusting the price target on the stock to $145 from $128 and keeping an Overweight rating on the shares. It told investors that Walmart Inc. (NYSE:WMT) is one of the best-positioned names to navigate the current environment. The firm added that while economic data is exhibiting mixed signals with improved housing data and job growth and lower mortgage/interest rates, headwinds remain from a higher cost of living and low consumer confidence. Looking ahead, KeyBanc sees a potential positive catalyst to spending from easier monetary policy and higher tax refunds, which should help accelerate spending in the months ahead.

Walmart Inc. (NYSE:WMT) is an omnichannel retailer operating retail and wholesale stores, clubs, e-commerce websites, and mobile applications. It offers an elaborate array of items, including fresh and organic food options, beverages, general merchandise, electronics, and more.

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