Walmart Inc. (NASDAQ:WMT) is included among the Dividend Stock Portfolio For Retirement: Top 12 Stock Picks.

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On May 22, RBC Capital Markets lowered its price recommendation on Walmart Inc. (NASDAQ:WMT) to $137 from $140. It reiterated an Outperform rating on the shares following the company’s in-line Q1 results and guidance that came in below consensus expectations. The analyst said expectations for the stock were already high heading into earnings, with Walmart trading at about 40 times expected earnings. Higher fuel costs also created slightly weaker-than-expected flow-through during the quarter, according to the research note.

On the same day, Bank of America lowered its price goal on Walmart to $144 from $150. It maintained a Buy rating on the stock. The firm said it reduced its valuation multiple after earnings because of a more difficult consumer environment. Even so, BofA believes Walmart could continue gaining market share as consumers remain focused on value and lower prices. The firm added that this trend “should drive a return to a beat/raise cycle assuming the freight environment doesn’t worsen.”

Walmart Inc. (NASDAQ:WMT) operates retail and wholesale stores, clubs, eCommerce websites, and mobile applications across the United States, Africa, Canada, Central America, Chile, China, India, and Mexico. The company describes itself as a technology-powered omnichannel retailer.

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