Wal-mart (WMT): Making The Difficult Choices - RBC

October 7, 2016 6:21 AM EDT
Get Alerts WMT Hot Sheet
Price: $67.18 -0.65%

Rating Summary:
    10 Buy, 21 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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 $69.36 yesterday.

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