Walmart (WMT) is better positioned than its competitors to navigate near-term hurdles linked to economic and political uncertainty and tariff turmoil, UBS said Wednesday in a report.

"This company and this team should be able to execute and outperform in nearly any macro backdrop," UBS said. "That means the stock remains compelling."

Walmart (WMT) on Wednesday reiterated its sales and operating income outlooks for fiscal 2026.

At the start of the year, Walmart was expected to achieve earnings of $2.75 to $2.85 a share, potentially reaching $3.25 next year, but following its initial guidance and recent macro developments, expectations have eased to $2.40 to $2.50, UBS said.

Management has prioritized technology deployment, AI integration and alternative revenue streams such as advertising, data monetization, logistics, and memberships, UBS said.

"The agility of this company is remarkable, especially for an organization of Walmart's size," UBS said.

UBS maintained its buy rating on Walmart stock and cut the price target to $110 from $112.

Walmart shares rose 1% in recent Thursday trading.

Price: 90.46, Change: +0.86, Percent Change: +0.96