Walmart (WMT) posted "solid" Q1 results, with momentum continuing, Truist said in a Thursday note.
It continued to hedge on the near-term earnings front by not providing Q2 EPS expectations but remained confident they can hit their full year projections.
"While there may be some Qs around the growth rate of their membership/other line, Walmart's sales/earnings momentum remains clear," the report said.
Truist kept its buy rating and a $107 price target on the stock.
Price: 94.31, Change: -2.52, Percent Change: -2.60
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