Citi Investment Research analyst Deborah Weinswig upgraded Walmart (NYSE: WMT)to Buy from Hold with a price target of $65. "As the economy improves, we expect Wal-Mart to fight harder to keep this customer by significantly increasing rollbacks to drive mindshare and market share," Wrote Weinswig.
The company is expected to keep its customers by becoming more aggressive in pricing as its competitors have been catching up. Walmart is up at $55.28 for a rise of $1.38.