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Analyst Explains Why He Likes Walmart (WMT) Stock Amid Inflation Worries

We recently published Wall Street Analysts Like These 10 Stocks. Walmart Inc (NYSE:WMT) is one of the stocks analysts were recently talking about. Oliver Chen, TD Cowen senior retail analyst, said in a recent program on CNBC that despite inflation worries, the consumer in the US has remained resilient. However, the analyst said consumers are “watching their wallet” and looking for value. Chen said Walmart is among his top retail picks. He has a $115 price target on the stock. “I think it comes back to pr ...