Oppenheimer analyst Rupesh Parikh has downgraded Walmart's (WMT.US) stock rating to 'Hold' from its previous recommendation. This change is accompanied by a reduction in the target price, now set at $111.2.
The downgrade comes with an adjustment of the target price from $140 to $111.2. According to TipRanks data, Parikh has a success rate of 61.8% and an average total return of 11.8% over the past year.
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