What Happened? Shares of retail behemoth Walmart (NASDAQ:WMT) jumped 2.7% in the morning session after Deutsche Bank upgraded the company to Buy from Hold and raised its price target to $136 from $113. Deutsche Bank analyst Krisztina Katai upgraded the stock following meetings with Walmart Chief Financial Officer John David Rainey, writing in a note to clients that persistent inflation reinforces the retailer's value proposition and accelerates grocery market-share gains, per CNBC and TipRanks. The updated target represents an increase of $23 and implies approximately 17% upside from the previous session's close.
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