Goldman Sachs Maintains a 'Neutral' on Wal-Mart (WMT); Cutting Estimates as Fundamentals Moderate
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Price: $77.87 -0.8%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade WMT Now!
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, with a 52 week range of $49.94-$75.24.
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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, with a 52 week range of $49.94-$75.24.
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