Walmart rises as Deutsche upgrades to 'buy'

By Reuters News15:22 (UTC), 15 October 2026 Updated

** Shares of retail giant Walmart WMT.O up ~3% at $119.30

** Deutsche Bank upgrades Walmart to "buy" from "hold", says retailer well-positioned to gain market share in current inflationary environment as consumers seek value; PT of $136

** Brokerage says consumer trends have improved from three months ago, with lower-income shoppers stabilizing since July and higher-income spending remaining healthy

** Expects profit margins to improve as higher-margin businesses continue to outgrow core retail and automation benefits increasingly flow through results

** Co "remains highly confident," brokerage says, adding that consumer spending trends are "stable to improving" compared with three months ago

** 40 of 44 brokerages rate stock "buy" or "higher", four "hold"; their median PT is $130 - LSEG data

** Up to last close, stock up about 4% YTD

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