The Vetr crowd on Tuesday upgraded its rating on Wal-Mart Stores, Inc. WMT from 1.5 stars (Strong Sell), issued 11 days ago, to 3 stars (Hold). Crowd sentiment at the time of the upgrade was edging negative, with 58 percent of Vetr user ratings bullish.
Share price in Walmart has receded somewhat since gaining some momentum in the previous week to get within a dollar of its current all-time high at $89.35. The stock is now heading into November lower due mostly to fears surrounding brick-and-mortar retailers off of lowered guidance from J C Penney Company Inc JCP . Walmart finished the month at $87.31.
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Currently, the Vetr crowd's average price target on Wal-Mart is up at $87.81, which is well above the average analyst price taget of $74.24. Less than 2 percent of Vetr users are holding WMT in their watch-lists.
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