Walmart To Sell Medicare Plans In Healthcare Bid

Smarter Analyst

Walmart announced that it will start selling Medicare insurance plans in 50 states and Washington as the world’s largest retailer expands its health services.

Following the Asda deal, Telsey Advisory analyst Joe Feldman raised his price target by $10 to $155 and reiterated a Buy rating on the stock, saying that the deal “closes a multi-year effort to monetize the business.” “Broadly, we like Walmart’s new portfolio-based approach to its international businesses,” Feldman wrote in a note to investors. “The company seems to be monetizing more mature businesses to free capital to invest in emerging areas and countries.”

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