Wells Fargo Sees Opportunity at Walmart (WMT) Despite Uneven Sector Backdrop

Group 1: Company Overview - Walmart Inc. is recognized as one of the 14 Best Dividend Growth Stocks to Buy and Hold in 2026 [1] - The company operates more than 3,000 stores in Mexico and over 400 in Canada, and holds a majority stake in India's Flipkart, indicating a strong international presence [4] Group 2: Financial Performance - In fiscal 2025, Walmart generated over $276 billion in grocery sales, with an additional $59 billion from Sam's Club, making it the largest grocery seller in the US [3] - Wells Fargo raised its price target on Walmart to $130 from $120, maintaining an Overweight rating, reflecting a positive outlook despite mixed sector conditions [2] Group 3: Market Position and Strategy - More than half of Walmart's revenue is derived from groceries, supported by affordable pricing that attracts repeat customers, especially during high inflation [3] - The company is leveraging its scale in both physical stores and online platforms to enhance customer retention and sales [3]