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Photograph of Justin Sullivan / Getty Images
An analyst who took a look at
Walmart
The first independent health clinic came back excited about this initiative.
Jefferies analyst Christopher Mandeville On Monday morning in a note, Walmart Health, the demonstration clinic in a Walmart store (ticker: WMT) in Dallas, Georgia, "stole the show."
Mandeville wrote that the concept will have the effect of "continuing to [ingraining] WMT in American families and, in our view, strengthen its position as a [long-term] winner."
The story back. Walmart stock has risen 26.1% so far this year, outperforming the
S & P 500,
which is up 20% over the same period. The company is launching its own health clinic as competitors like
CVS Health
(CVS) and
Walgreens Boots Alliance
(WBA) pursue similar strategies.
What's up. Walmart unveiled its first Walmart Health store last Friday during a tour that included Jefferies' analyst, Mandeville. He wrote that Walmart Health, connected to an existing Walmart Supercenter, would have 80 to 100 employees and would provide primary care, dental care, mental health services, X-rays, optometry and other services. .
The photographs in Mandeville's report show a clean and modern installation. He also welcomed other changes to the Supercenter, including enhancements "to enhance the assortment and provide an enhanced shopping experience". The store has also added a pet health clinic.
Looking forward to. While retailers are looking to integrate health care into their businesses, Walmart's own entry also looks promising, if it is slightly behind schedule. According to the company, CVS will open "HealthHUBs" in 1,500 sites by the end of 2021 and acquired giant Aetna Health Insurance last year.
Mandeville evaluates Walmart a Buy with a price target of $ 127. On Monday morning, the Walmart stock is down 0.3% to $ 117.11.
Write to Josh Nathan-Kazis at [email protected]
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