Wal-Mart (WMT) Sales Trends Improved in March and April; Shares to Hold or Move Up

May 14, 2013 9:11 AM EDT
Get Alerts WMT Hot Sheet
Price: $68.11 -0.45%

Rating Summary:
    10 Buy, 21 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 0
Trade WMT Now!
Join SI Premium – FREE
Jefferies reiterated a Buy rating and $90 price target on Wal-Mart (NYSE: WMT) Monday saying while Q1 got off to a slow start March and April improved.

"After a challenging start to the quarter, our research suggests Walmart saw sequential improvement in March and April," analyst Daniel Binder states. "If this is the message we get from management, then shares should be able to hold current levels or move higher. We are modeling a comp around flat, which includes February down solid low single digits and March and April up low single digits."

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 $78.50 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Retail Sales

Related Entities

Jefferies & Co

Add Your Comment