Why Is Walmart Stock in the Spotlight Tuesday?

Walmart Inc. (NYSE: WMT) is in the spotlight due to the introduction of a new $120-a-year membership bundle that combines Walmart+ and Sam’s Club Plus, offering various benefits. Deutsche Bank recently upgraded Walmart to 'Buy' from 'Hold' and raised its price target from $113 to $136, citing inflation's impact on the company's value proposition. Walmart is set to report its third-quarter earnings on November 19, with analysts estimating earnings per share of 64 cents on revenue of $187.33 billion. As of now, Walmart shares are trading 1.50% higher at $120.49.