Jefferies Maintains a 'Hold' on Wal-Mart (WMT); Shares Pricing In High-End Sales Comp
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Price: $77.31 +1.28%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade WMT Now!
Jefferies maintains a 'Hold' on Wal-Mart (NYSE: WMT) price target of $74.00 (from $57.00).
Analyst, Daniel Binder, said, "Throughout Q2, management expressed optimism for its strategies aimed at driving traffic and SSS. Following above plan Q1 sales, aided by weather and inflation, expectations for further improvement in Q2 have materialized and we think shares are pricing in a US Wal-Mart comp at the high end of 1-3% plan or slightly better. We aren’t going to the high end or better, but we are moving our US comp assumption to 2.5% and EPS to $1.18."
Current Qtr EPS raised from $1.14 to $1.18, FY13 from $4.82 to $4.86 and FY14 from $5.24 to $5.25.
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 $73.68 yesterday, with a 52 week range of $48.85-$75.24.
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Analyst, Daniel Binder, said, "Throughout Q2, management expressed optimism for its strategies aimed at driving traffic and SSS. Following above plan Q1 sales, aided by weather and inflation, expectations for further improvement in Q2 have materialized and we think shares are pricing in a US Wal-Mart comp at the high end of 1-3% plan or slightly better. We aren’t going to the high end or better, but we are moving our US comp assumption to 2.5% and EPS to $1.18."
Current Qtr EPS raised from $1.14 to $1.18, FY13 from $4.82 to $4.86 and FY14 from $5.24 to $5.25.
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 $73.68 yesterday, with a 52 week range of $48.85-$75.24.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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