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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

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: Morgan Stanley Simeon GutmanAnalyst Color Price Target Analyst Ratings

 

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