Bernstein Cuts Walmart Price Target, Maintains Buy Rating

Bernstein analyst Zhihan Ma has reaffirmed Walmart's (WMT.US) buy rating, adjusting its target price down to $142 from a previous estimate of $145. According to data from TipRanks, Ma boasts a success rate of 52.1% and an average return of 4.2% over the past year. This update comes without any notable warnings or caveats from the analyst.

TipRanks calculates its success rates based on the performance of virtual portfolios that follow analysts' recommendations. In Ma's case, his ratings have led to positive returns for TipRanks' virtual portfolio over the past year.