We recently published 14 Stocks Jim Cramer Talked About. Walmart Inc. (NASDAQ:WMT) is one of the stocks Jim Cramer talked about.
Walmart Inc. (NASDAQ:WMT) is one of the largest retailers in the world. Its shares are up 25% over the past year and 4.5% so far this year. Bernstein raised his price target on the stock to $129 from $122 in January and maintained an Outperform rating on the stock. The financial firm commented that Walmart Inc. (NASDAQ:WMT) could benefit from the strength of middle- and upper-income consumers. Wells Fargo also reiterated an Outperform rating and kept its price target on the stock at $130. The bank commented that the retailer benefited from deep leadership and was unlikely to suffer significant upheaval from the departure of its chief executive. As for Cramer, the CNBC TV host recently began praising Walmart Inc.’s (NASDAQ:WMT) ability to effectively compete with Amazon. In this appearance, he shared his opinion on why the stock is performing well:
“Again, just like domestic stocks, like Walmart is going up, that’s a sign that people want to put their money back into, obviously, domestic stocks…”
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Disclosure: None. This article was originally published in Internal jumpsuit.