Walmart Stocks Slide as Analysts Trim Price Targets Amid Sales Growth Concerns

Walmart shares declined by 0.90% to $102.66 on Friday after the company reported its second-quarter results.

Analysts from various firms weighed in, offering their takes on the retailer's performance.

JPMorgan's Christopher Horvers maintained an Overweight rating but reduced his price target from $137 to $125, citing the potential for improved sales due to a later back-to-school season and increased price investments.

Guggenheim Securities' John Heinbockel also kept a Buy rating while trimming his price target from $135 to $130. He noted that Walmart's operating results were in line with expectations but that the market's reaction was surprising, given the known headwinds.