In 2017, Walmart Inc. (NYSE: WMT) demonstrated to investors that its business can stand up to online competition from Amazon.com Inc. ( AMZN). Now that online sales growth appears to be slowing, however, analysts are having a tough time finding reasons for investors to buy WMT stock.
On Friday, Oppenheimer analyst Rupesh Parikh downgraded Walmart stock from "outperform" to "perform" and said there's no longer a reason to be excited about the stock.
"We are increasingly concerned that with recent key drivers of outsize e-commerce sales expansion potentially waning and given our now more muted EPS growth expectations, the valuation at which shares trade could prove capped," Parikh says.
Source : Yahoo
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