ISI Group: Wal-Mart's Traffic Momentum Continues to Improve

In a report out today, ISI Group noted that Wal-Mart WMT CFO Charles Holley confirmed that the upswing in traffic noticed in 4Q 2011 has continued so far into 1Q 2012. ISI Group has a Hold rating on the company. In the report, ISI Group notes, "This is consistent with our view that cost cuts reinvested in price, combined with inventory should aid traffic." Shares of Wal-Mart are currently trading at $59.58, up 1.04% from yesterday's close.