Citigroup on Wal–Mart: Citi reiterates a Buy rating on Walmart (NYSE:WMT) ahead of a busy time for the retail sector.
The firm says it continues to believe that Walmart is emerging from the pandemic stronger than ever. “The core business strength was evident in 1Q results, and over the next several years we expect strength to be driven by growth in additional higher-margin profit streams such as advertising, fulfillment services, marketplace and FinTech,” updates the Citi analyst team.
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