UBS Trims Walmart Price Target to $130.00 Amid Retailer's Q2 Earnings Beat

UBS Group has cut its price target for Walmart (NASDAQ:WMT) to $130.00, a reduction of $11.00 from its previous estimate of $141.00.

The firm currently maintains a 'buy' rating on the retailer's stock and suggests that the reduced price target implies a potential upside of 26.58% from Walmart's current market value.

This is not the only change to Walmart's price targets in recent days, as several other firms have also revised their estimates following the company's second-quarter earnings release.