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Blue Apron mentioned as potential Walmart target

Published 02/02/2018, 11:05 AM
© Reuters.  Blue Apron mentioned as potential Walmart target
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  • Blue Apron (NYSE:APRN) is up 4.63% after Gabelli issues a strong initiation on the online meal provider with a Buy rating.
  • On top of the improved operational track seen for Blue Apron, analyst Matthew Trusz pitches the idea that Walmart (NYSE:WMT) could be interested in a partnership or acquisition.
  • Trucsz sees "good reasons" for a Blue Apron play from Bentonville and applies a M&A premium to his $6 price target.
  • Previously: Blue Apron tracks higher after Gabelli confidence (Feb. 2)
  • Now read: The Market Finally Caught On


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