Walmart rises after brokerage Mizuho starts coverage with 'outperform' rating

Shares of retail giant Walmart WMT.N up ~1% at $91.84

Brokerage Mizuho Securities USA starts coverage on stock with "outperform" rating and $105 PT

WMT leadership story has not changed all that much; company offers defensive posturing in parallel with a structurally higher margin profile - brokerage

Says bulk of recent share gains have come from upper-income households, which offers more protection against upwards pricing

Brokerage Raymond James cuts PT to $105 from $115, citing near-term tariff-related cost challenges, but says Walmart's margin narrative remains intact

Walmart on Wednesday reaffirmed its annual sales and income growth forecasts and vowed to keep prices lower despite looming concerns about President Donald Trump's tariff

42 of 45 brokerages rate the stock "buy" or "higher" and three "hold"; their median PT is $108 , as per data compiled by LSEG

Including session's moves, stock up about 1% YTD