Walmart has 'compelling parallel' to Apple ahead of earnings - Yahoo Finance

Target (TGT) shares climb higher Wednesday after reporting a third-quarter earnings beat while same-store sales see a drop of nearly 5% year-over-year. Walmart (WMT) is the next big-box retailer to report earnings, expected out on Thursday, November 16.

UBS US Hardline & Broadline and Food Retail Analyst Michael Lasser compares Walmart's outlook and revenue expansion to that of Apple (AAPL).

"As those revenue streams become a larger portion of its total, we think Walmart's multiple will trade at a premium to where it has historically," Lasser tells Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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