Citi Previews Wal-Mart's 2010 Analyst Meeting (WMT)

Citi Investment Research discusses Wal-Mart Stores, Inc. WMT, which is being held on October 12-13. It has a Buy rating, with a $64 price target. In the research note, Citi says, "We expect investors at the meeting to be focused on: 1) WMT's plans for returning to positive comps in its U.S. division; 2) growth opportunities in the U.S. (incl. smaller formats); and 3) an update on WMT's international acquisition strategy. With many members of senior management recently assuming new roles, we look forward to the opportunity to meet with these executives and learn how they plan to drive sales and earnings growth ahead." Shares of WMT gained 43 cents yesterday to close at $54, a gain of 0.8%.