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Jefferies raises price targets for Walmart and Target ahead of earnings
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Jefferies analysts have raised the price targets for Walmart and Target ahead of earnings. They expect Walmart to report a modest sales beat and guide FY'25 conservatively, while for Target, they anticipate comp sales to be down by 5.0% compared to the previous quarter.
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How might the anticipated sales beat and conservative guidance impact Walmart's performance?
What factors might have contributed to the increase in price targets for Walmart and Target?
What strategies could Target employ to improve its comp sales?
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