Barclays Raises Price Target on Wal-Mart (WMT) Ahead of Annual Shareholder Meeting

Article Stock Quotes (1) Comments (0)

Barclays maintains an 'Overweight' on Wal-Mart (NYSE: WMT) price target raised from $65 to $70.

Analyst, Robert S. Drbul, said, "On Friday, we will attend Walmart's 42nd Annual Shareholder Meeting in Fayetteville, Arkansas. Ahead of the meeting, we are increasing our price target to $70, as we remain comfortable in our above-consensus 2013 EPS estimate of $5.35 and have increased confidence in the company's top-line momentum and ability to drive the productivity loop and leverage expenses."

For an analyst ratings summary and ratings history on Wal-Mart click here. For more ratings news on Wal-Mart click here.

Shares of Wal-Mart closed at $65.68 yesterday, with a 52 week range of $48.31-$65.76.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• Wal-mart (WMT) Posts Q1 EPS of $1.14; U.S. Comps Down 1.4%; Guides Q2 EPS
• Expect Lower Guidance from NetApp (NTAP), But With Stock 'In Play' Downside is Limited - BMO Capital

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Barclays

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?