Credit Suisse raised the price target on Walmart Inc. (NYSE: WMT) from $145 to $160. Credit Suisse analyst Robert Moskow maintained an Outperform rating on the stock. Walmart shares fell 0.5% to $147.83 in pre-market trading.
The index futures point to a nervous start by Wall Street stocks on Thursday, as the inflation-induced euphoria fades and traders turn their focus back to the Fed and the rate outlook.
US stocks closed lower on Wednesday, after Target Corporation (NYSE: TGT) posted downbeat quarterly results and issued weak holiday-sales outlook. The S&P 500 consumer discretionary sector, as a result, dipped 1.5% on Wednesday.