Walmart is trading at $119.65, up +3.00%, in pre-market after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target to $136 from $113.
- The move extends the prior session’s defensive-sector rally after hotter-than-expected September inflation sent investors toward consumer staples.
- Consumer staples were higher in pre-market, while technology futures weakened; PPI and retail sales data were due at 8:30 a.m.