Wal-mart (WMT): Making The Difficult Choices - RBC
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RBC Capital analyst, Scot Ciccarelli, reiterated his Underperform rating on shares of Wal-Mart (NYSE: WMT) and cut his price target to $75 from $76 as the company continues to spend heavily on people, processes, and technology to improve its long-term strategic positioning.
While it is difficult to move a ship this large, the analyst feels the company is making intelligent moves, including investing in e-commerce and moderating store growth. Unfortunately, the analyst expects these investments to continue to weigh on earnings growth for the foreseeable future, creating headwinds for WMT shares.
Shares of Wal-Mart closed at $69.36 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change
Related EntitiesRBC Capital, Earnings
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