Goldman Sachs Maintains a 'Neutral' on Wal-Mart (WMT); Cutting Estimates as Fundamentals Moderate

August 17, 2012 8:59 AM EDT
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Price: $67.40 +1.13%

Rating Summary:
    10 Buy, 21 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Goldman Sachs maintains a 'Neutral' on Wal-Mart (NYSE: WMT) price target of $68.00 (from $67.00).

Analyst, Adrianne Shapira, said, "Following WMT’s 2Q12 EPS release, we are lowering our FY12/13/14 EPS estimates to $4.88/$5.13/$5.37 from $4.90/$5.21/$5.51. Our downward revisions reflect a combination of lower US comps, weaker-than-expected international sales and profitability (even ex-FX), and a smaller buyback impact given the recent run in the stock price. Our FY2012 EPS sits at the midpoint of management’s $4.83-$4.93 guidance range."

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 $72.15 yesterday.

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