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UPDATE: Goldman Sachs Maintains Neutral Rating, Raises PT for Wal-Mart Stores

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In a company update published earlier today, the Goldman Sachs Group, Inc. maintained its Neutral rating for Wal-Mart Stores, Inc. (NYSE: WMT) and raised its price target from $58.00 to $63.00

Goldman Sachs said in its report “Following WMT's 1Q12 EPS release, we are updating our FY12/13/14 EPS estimates to $4.90/$5.21/$5.51 from $4.72/$5.00/$5.28. Our estimates now factor in $0.05 upside to 1Q, stronger U.S. comps, and continued flow-through to the bottom line. For 2Q, our $1.18 estimate sits at the high end of management's $1.13-$1.18 guidance. Our FY2012 EPS sits at the midpoint of management's original guidance when factoring in the $0.05 1Q beat ($4.77-$4.97).”

Wal-Mart Stores, Inc. closed yesterday at $61.68

Latest Ratings for WMT

DateFirmActionFromTo
May 2017BMO CapitalUpgradesUnderperformMarket Perform
May 2017Gordon HaskettInitiates Coverage OnBuy
Apr 2017Telsey Advisory GroupUpgradesMarket PerformOutperform

View More Analyst Ratings for WMT
View the Latest Analyst Ratings

Posted-In: Goldman Sachs Group Inc.Analyst Color Price Target Reiteration Analyst Ratings

 

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