Earnings Outlook: Walmart preview: It has a competitive moat in food that even Amazon may have trouble crossing

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Walmart dominance in food has given it a competitive advantage, analysts say

Ahead of Walmart Inc.’s fourth-quarter 2018 earnings on Tuesday, Susquehanna Financial Group analysts reiterated its positive stock rating due to the giant’s position in food.

Susquehanna raised the retail giant’s price target to $126 from $115 “based on our sum-of-the-parts valuation and our increased conviction that Walmart has a defensive moat in food and a viable final-mile delivery solution,” analysts led by Bill Dreher wrote in a Friday note.

Susquehanna says Walmart WMT, +1.50% is second only to Amazon.com Inc. AMZN, -0.89% in e-commerce, with its fleet of stores and dominant position in grocery giving it a competitive advantage.

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