Bank of America sets new Wall Street high target for Walmart after earnings beat

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Jesse Pound@/in/jesse-pound@jesserpound
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A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles.
Kevork Djansezian | Reuters

Walmart's latest earnings report proved that the stock has significant upside, according to Bank of America.

The retailer topped expectations on the top and bottom lines for the second quarter, but its stock was flat on Tuesday after the report.