Wal-Mart Loses Competitive Pricing Advantage, Wolfe Downgrades Shares to Underperform

In a report published Thursday, Wolfe Research analyst Scott Mushkin downgraded

from Peerperform to Underperform. Mushkin noted that Wal-Mart is losing its competitive low-price edge in the United States. The analyst commented that by losing this edge, the company may lose their main traffic driver. Wal-Mart will report fourth quarter earnings on February 20 before the market opens. According to Bloomberg data, Wal-Mart has 15 Buys, 15 Holds, and 3 sell with an average $82.00 price target. Shares of Wal-Mart are down 7.3% YTD. Wal-Mart closed at $72.87 on Wednesday.