Telsey Advisory raised Walmart’s price target to $118 from $115, maintaining an Outperform rating. The firm predicts Walmart will continue to gain market share and expand beyond retail and e-commerce. Walmart’s new businesses are expected to be more profitable, driving faster growth in operating income. Take advantage of TipRanks Premium at 50% off for investing tools and analyst insights. For real-time financial news, visit TheFly. Check out today’s top-performing stocks on TipRanks.

Read more at Yahoo Finance: Walmart price target raised to $118 from $115 at Telsey Advisory