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UPDATE: Stifel Nicolaus Downgrades Wal-Mart to Hold, Removes $83.00 PT

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Wal-Mart (NYSE: WMT) was downgraded from Buy to Hold by Stifel Nicolaus Friday morning. The firm removed the $83 price target.

David A. Schick, analyst at Stifel, said, “strategic risk (pricing), political risks (wages and FCPA), growing macro pressures, ramping investments, and slowing dividends” offset “significant investments in e-commerce and small stores.” Schick believes, “WMT likely needs to break well below the 5.9-6.1% OM brand of the last 5 years and with ROIC inflecting negatively he doesn't expect either estimates or multiples to improve in the short-medium term.”

Wal-Mart is clearly in a transitionary period as it looks to accelerate small store expansion, and move more business online.

Shares of Wal-Mart are lower by 0.5 percent to $73.18 as investors continue to take profits following the stock's run-up last week ahead of fourth quarter earnings.

Latest Ratings for WMT

DateFirmActionFromTo
Feb 2021Morgan StanleyMaintainsOverweight
Feb 2021Morgan StanleyMaintainsOverweight
Feb 2021Raymond JamesMaintainsOutperform

View More Analyst Ratings for WMT
View the Latest Analyst Ratings

 

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Posted-In: News Downgrades Price Target Analyst Ratings

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SWKSGoldman SachsDowngrades135.0
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