Benzinga | Nov 19, 2021 12:23PM EST

MKM Partners Turns Bullish On This Retail Giant

* MKM Partners analyst Bill Kirk upgraded Walmart Inc (NYSE:WMT) to Buy from Neutral with a price target of $166, up from $156, implying a 16% upside.

* Relative to peers, Walmart has better inventory levels heading into the holiday and has shown the best progress toward building a subscription model, Kirk notes.

* The analyst also believes Walmart is "best positioned should the consumer become more price discerning due to energy and food inflation."

* Price Action: WMT shares are trading lower by 0.28% at $142.77 on the last check Friday.