** Shares of Walmart WMT.N are up 1.3% in afternoon trading Wed, with the retailer seen reporting higher yr-over-yr rev in its qtrly results due before the bell on Thurs
** Analysts expect Q1 rev to rise to $165.88 bln from $161.51 bln a yr ago and adj EPS of 58c/shr vs 60c a yr ago, according to LSEG
** Investors will be keen to hear if Walmart makes any changes to its outlook
** The company on April 9 maintained its full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to tariffs
** A tariff war had been escalating between the U.S. and China, but on Monday, the two countries announced a truce, with the U.S. dropping the extra tariffs it imposed on China this year to 30% from 145%, while China is cutting them to 10% from 125%
** Still, many retailers have had to stop shipments from China and used their inventories to stock shelves
** Analyst recommendations on WMT include 42 "strong buy" or "buy" ratings and two "hold" ratings, per LSEG
** The 12-mo median PT on WMT is $108, while the stock was last at $97.09
** Including the session move, WMT up >7% YTD compared with a roughly 1% decline in the Dow Jones industrial average .DJT in that period
(By Caroline Valetkevitch)
((caroline.valetkevitch@thomsonreuters.com))
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