Goldman Sachs Maintains a 'Neutral' on Wal-Mart (WMT); Cutting Estimates as Fundamentals Moderate

August 17, 2012 8:59 AM EDT Send to a Friend
Get Alerts WMT Hot Sheet
Price: $76.38 +0.17%

Rating Summary:
    7 Buy, 16 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
Trade WMT Now!
Join SI Premium – FREE
Goldman Sachs maintains a 'Neutral' on Wal-Mart (NYSE: WMT) price target of $68.00 (from $67.00).

Analyst, Adrianne Shapira, said, "Following WMT’s 2Q12 EPS release, we are lowering our FY12/13/14 EPS estimates to $4.88/$5.13/$5.37 from $4.90/$5.21/$5.51. Our downward revisions reflect a combination of lower US comps, weaker-than-expected international sales and profitability (even ex-FX), and a smaller buyback impact given the recent run in the stock price. Our FY2012 EPS sits at the midpoint of management’s $4.83-$4.93 guidance range."

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.


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

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Goldman Sachs

Add Your Comment