Jefferies Raises Its Rating on Shares of Walmart

Walmart (WMT) - Get Report got some love from analysts at Jefferies on Monday. The investment bank raised its rating on the company to BUY from HOLD and raised its price target to $82 from $60. Shares of the retailer currently trade around $70 a share. In its note, Jefferies created a 10-point list for why investors should buy Walmart. At the top of the list was proof that Walmart's investments in its people, processes and technology 'is more evident and store standards are improving.'

This article was written by a staff member of TheStreet.