Walmart Stock Upgraded for the Second Time in a Week
Analysts expect to see long-term benefits from the changes Walmart has made in recent times, changes that put it in a position of strength as the U.S. copes with a health crisis. As shoppers rush to stock up on groceries and household essentials amid the coronavirus outbreak, business is booming for Walmart. But the effects are likely to outlast the pandemic, because the crisis is accelerating changes that were taking place already.
“We’ve got a lot of categories that have seen extraordinary growth levels in the past few weeks,” Walmart U.S. Chief Executive John Furner said in a video statement. “This started in over-the-counter pharmaceuticals, then food and consumables, and now it’s moving into our food businesses.”