Evercore analysts upgrade Walmart shares to an Outperform rating as the mega-chain sees improvements in the retail landscape.
Walmart Inc was sued on Thursday by the U.S. Equal Employment Opportunity Commission (EEOC), the agency's second lawsuit this week accusing the largest U.S. retailer of discrimination against workers with disabilities. The EEOC said Walmart illegally demoted Calvin Hagan for missing too much work at a Raleigh, North Carolina store because of seizures caused by his generalized convulsive epilepsy, and then illegally fired him for violating its attendance policy. The lawsuit was filed three days after the EEOC sued Walmart for firing Adrian Tucker, a deli worker in a Statesville, North Carolina store, because she had too many "unauthorized" absences related to her Crohn's disease, an inflammatory bowel condition.
Walmart (NYSE:WMT) was on the rise in premarket after Evercore upped the mega-retailer to Outperform from In Line with a price target of $160, up from the prior $145.