Market Overview

UPDATE: Deutsche Bank Raises PT on Wal-Mart Stores on Positive Set-Up

Share:
Related WMT
Factors To Consider Before Whole Foods' Q3 Earnings
Cramer Asks If Wall Street's Bullish Analysts Are Wrong About Blue Apron
Should You Believe in Target's Turnaround? (GuruFocus)

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Wal-Mart Stores (NYSE: WMT), and raised the price target from $68.00 to $76.00.

In the report, Poole noted, “OK' Results Probably Enough for Wal-Mart. We believe expectations are low heading into WMT's 1Q print (5/16), potentially providing a positive set-up. Given chatter about disappointing SSS during the quarter and flat 1Q SSS results at peer TGT, we believe a modest negative comp would not be a surprise. Also, WMT is a cheaper 'defensive' stock relative to consumer staples, which have outperformed of late. We remain at Hold on concerns about slowing traffic/SSS.”

Wal-Mart Stores closed on Friday at $78.89.

Latest Ratings for WMT

DateFirmActionFromTo
Jul 2017Goldman SachsUpgradesNeutralBuy
May 2017BMO CapitalUpgradesUnderperformMarket Perform
May 2017Gordon HaskettInitiates Coverage OnBuy

View More Analyst Ratings for WMT
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (WMT)

View Comments and Join the Discussion!