Walmart CEO Doug McMillon to retire
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The world's largest retailer is on pace to generate more than $650 billion in total net sales this (fiscal) year. Walmart is famous for its low prices, which even attracted higher earners in recent years as people seek savings amid a soaring cost of living.
Walmart names John Furner its new CEO, effective February 1st. Stacey Widlitz explains what the management change means for Walmart stock.
Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape.
Retail giant Walmart (WMT) is expected to release its Q3 FY26 earnings report next week. Ahead of the print, top TD Cowen analyst Oliver Chen raised his price target on Walmart from $115 to $120 and maintained a Buy rating.
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Walmart vs. Target: Which Retail Titan Is the Smarter Pick?
Walmart Inc. WMT and Target Corporation TGT stand as two of the most recognized names in the U.S. retail industry. While they share similarities in scale and omnichannel ambitions, their business models and strategic focuses remain distinctly different.
Walmart stock has recently seen a slight upward revision in its fair value estimate, with analysts increasing the target from $113.60 to $113.78 per share. This shift reflects cautious optimism from the Street as experts weigh Walmart's operational strengths and strategic advancements alongside ongoing industry challenges.
Walmart Inc. (NYSE:WMT) ranks among the stocks in Bill Gates’ portfolio that analysts are watching. On October 14, BTIG started tracking Walmart Inc. (NYSE:WMT) with a Buy rating and a $120 price target.
Incoming Walmart chief executive John Furner started at the mega retailer as an hourly employee stocking shelves. Now, the largest U.S. company by revenue is counting on him to guide it through its next chapter.