JPMorgan keeps Walmart at Overweight and cuts target to $125 from $137

JPMorgan kept its Overweight rating on Walmart after the stock's sharpest one-day drop in about four years, and cut its price target to $125 from $137. The bank called the selloff a buying opportunity, arguing the shares had become cheaper than usual. Walmart was on track for its worst week since 2022, down about 11% by that Friday.

• Overweight rating maintained
• Price target cut to $125 from $137
• Stock on track for its worst week since 2022, down about 11%