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Walmart Settles FTC Claims, Gains Buy Rating
5.1
Relevance Score
On Feb. 26 Reuters reported Walmart agreed to pay $100 million to settle FTC and 11-state claims over misleading Spark driver earnings. On Feb. 27 BofA reinstated coverage with a Buy rating and $150 price target, citing market-share gains and faster delivery; Walmart says it has compensated drivers and will improve transparency and compliance.
