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Walmart's tech-focused growth prospects leads Telsey to lift PT



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** Brokerage Telsey Advisory Group raises PT on Walmart WMT.N by $10 to $92

** Walmart-owned Sam's Club should continue to grow faster than retail overall over the next few years, leveraging member data and generative AI to improve merchandising, customer experience, etc - brokerage

** Telsey's Joe Feldman says that in a meeting with Sam's Club CEO Chris Nicholas he laid out key strategies to boost sales, including a focus on increasing digital engagement since digitally engaged member-consumers spend three times more

** Brokerage remains encouraged by Walmart's expanded vision beyond retail, including advertising, last-mile delivery as these are more profitable than traditional retail

** 40 of 42 brokerages rate the stock "buy" or higher and two "hold", with a median PT of $82 - LSEG data

** Up to Monday's close, stock up ~50% YTD



Reporting by Neil J Kanatt in Bengaluru

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