Analysts Boost Price Targets for Retail Stocks

Multiple analysts have raised their price targets for major retail stocks, reflecting positive sentiment in the sector. BMO Capital increased Walmart's price target to $100 from $80, citing strong omni-channel investments and share gains across income cohorts. Susquehanna raised JD.com's target to $35 from $28, noting better-than-expected profitability and improving demand in certain categories. TJX Companies saw multiple upgrades, with TD Cowen raising its target to $130, while Loop Capital and UBS Group set targets of $140 and $148, respectively, reflecting strong quarterly earnings performance. BJ's Wholesale Club also received a boost from Jefferies, whose new target is $105, alongside upgrades from other firms, indicating a generally favorable outlook. Overall, the retail sector shows resilience and potential for growth as evidenced by these positive adjustments.