Walmart Gets Upgraded, 4 Reasons Why: Stock Is A Mix Of 'Defense And Offense,' Analyst Says
Walmart Gets Upgraded, 4 Reasons Why: Stock Is A Mix Of 'Defense And Offense,' Analyst Says
Walmart Inc (NYSE:WMT) is among the stocks heading towards the trillion-dollar club.
沃爾瑪公司（NYSE：WMT）是即將加入萬億美元俱樂部的股票之一。
The stock is a mix of "defense and offense" on both revenues and profits, amid a soft consumer backdrop with high uncertainty in the back half of 2024, according to JPMorgan.
根據摩根大通的報道顯示，該股票在營收和利潤方面都是"防守和進攻"的組合，尤其在需要面對不確定性較高的消費背景的2024下半年，這種現象更爲明顯。
The Walmart Analyst: Christopher Horvers upgraded the rating for Walmart from Neutral to Overweight, while raising the price target from $66 to $81.
沃爾瑪分析師克里斯托弗·霍弗斯將沃爾瑪的評級從中性升級到超重，同時將目標價格從66美元提高到81美元。
The Walmart Thesis: The company is poised for multi-year double-digit earnings growth, driven by "market share gains, rising alternative profit pool benefits, and International segment profit inflection," Horvers said in the upgrade note.
沃爾瑪在未來幾年有望實現多年兩位數的盈利增長，主要受到"市場份額增加，不斷提高替代利潤池的收益以及國際業務的盈利轉折點"的推動，霍弗斯在升級記錄中表示。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The analyst mentioned four reasons for the upgrade:
分析師提到了四個升級的原因：
- Walmart has US topline tailwinds, "including a consumer that is highly value oriented, the prospect for modest grocery reflation while CPG/grocery brands lean into driving unit volumes, especially at WMT, and gen merch share gains persisting on expanded 3P capabilities," he said.
- An accelerating alternative profit pool contribution in the US, which is now around 80% of operating profits, with segment margins expected to reach 6% in three years
- An inflection in profitability in the company's International business, which is so far underappreciated.
- "Our desire to add more defensiveness to our ratings given signs of softening discretionary spending," he further wrote.
- 沃爾瑪在美國市場上表現良好，"其中包括消費者高度關注價值，CPI / 食品品牌趨向於推動單位銷量增加，尤其在WMT上擴大3P能力的前景，以及廣泛的商品份額增長"，他說。
- 美國市場中替代利潤池的貢獻正在加速，目前佔營業利潤的80％，預計在三年內達到6％的分段邊際。
- 公司國際業務的盈利轉折點，這是目前被低估的。
- "我們希望在我們的評級中增加更多的防禦性，因爲我們看到了離散性支出放緩的跡象。"他進一步寫道。
WMT Price Action: Shares of Walmart had declined by 0.82% to $69.82 at the time of publication on Thursday.
沃爾瑪的股票在週四的發佈時下跌了0.82％，報69.82美元。
Now Read:
現在閱讀：
- Biden Cheers Inflation Progress, Rate Cut Chorus Grows Louder Among 5 Economists: 'This Is Just What The JayMan Needed'
- 拜登歡呼通脹進展，經濟學家中越來越多的呼聲要求降息：這正是傑伊·鮑威爾所需要的。
譯文內容由第三人軟體翻譯。