Jefferies Maintains a 'Hold' on Wal-Mart (WMT); Expectations High

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Jefferies maintains a 'Hold' on Wal-Mart (NYSE: WMT) price target of $74.00.

Analyst, Daniel Binder, said, "Expectations were high going into Q2 and while EPS beat, sales were light and that was what got all the focus. The next challenge for WMT would be climbing the wall in Q3 as it laps positive comps for the first time in a while."

FY13 EPS estimate lifted from $4.86 to $4.88.

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, with a 52 week range of $49.94-$75.24.

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