Evercore ISI recommends Walmart and Exxon for investors
Evercore ISI has identified several "all-weather outperformers" for investors amid ongoing market volatility. Companies like Walmart and Exxon are now seen as undervalued despite strong fundamentals, as the S&P 500 has fallen over 10% from its peak. Walmart remains attractive due to its consistent dividend increases and resilience against inflation. Although its shares are down 5.5% this year, Evercore has a price target of $100, indicating a potential 17% upside. Chipotle and CVS Health are also highlighted as strong picks. Chipotle's stock has dropped 17% this year, but Evercore's target suggests a 44% potential gain. CVS shares have risen 48% this year, with a target of $80, indicating further upside.