Walmart climbs after BofA raises price target to $125

** Shares of retail bellwether Walmart WMT.N up 2.5% to $106 at 12:03

** BofA raises price objective for the Arkansas-based firm to $125 from $120, representing a 21% upside to stock's last close, based on increased confidence in WMT's revenue and profit outlook

** "We expect WMT to accelerate delivery speeds with newer/remodeled stores that have more space for faster and more efficient pick-up/delivery and will allow WMT to forward deploy 3P inventory for even faster localized delivery" - BofA

** Brokerage sees WMT as well-positioned to be a leader in "top of funnel" agentic AI commerce, with its AI agent Sparky testing well

** Including session's move, WMT shares up 16.84% YTD