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UPDATE: Morgan Stanley Reiterates On Wal-Mart Stores As Gross Margin Pressure Is Less Than Feared

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In a report published Thursday, Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Wal-Mart Stores (NYSE: WMT), but removed the $87.00 price target.

In the report, Morgan Stanley noted, “Relative to market expectations, a key takeaway from yesterday's meeting with WMT management is that gross margin pressure should be no worse than Q1. Though the top-line backdrop has not improved (it has not gotten worse either), steady gross margins and ongoing expense control should enable the achievement of near term estimates.”

Wal-Mart Stores closed on Wednesday at $75.62.

Latest Ratings for WMT

Mar 2018OppenheimerDowngradesOutperformPerform
Feb 2018Credit SuisseInitiates Coverage OnNeutral
Feb 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight

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