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Walmart a ‘Sleeping Giant’ in Health Care, Morgan Stanley Warns

Photographer: Daniel Acker/Bloomberg

Walmart Inc. is “decisively bulking up in health care” and that’s something worth watching as the company grows out a suite of initiatives that make it a “sleeping giant to watch,” Morgan Stanley analysts warned.

The retailer’s position as the third-largest pharmacy in the U.S., paired with efforts to open health clinics and acquire technology that will help patients manage their medical care, showcase the $362 billion company’s efforts to blur the lines between retail, health care and technology, analysts led by Simeon Gutman wrote in a note to clients.