UBS on Wal-Mart (WMT); As Economics Worsen, WMT's Defensive Characteristics Become Increasingly Attractive
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Price: $77.09 +1.00%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Trade WMT Now!
UBS maintains a 'Neutral' on Wal-Mart (NYSE: WMT) price target of $69.00 (from $59.00).
Analyst, Robert W. Carroll, said, "We are raising our 2012 U.S. comp estimate to +1.5% (vs. +1.4% previously) with the lift coming from a rise in Q4 comp ests. Additionally, our 2013 comp est. is rising to +1.0% (vs. +0.5% previously). Both estimates factor in a continued positive traffic and basket impact from Walmart’s U.S. pricing investments (i.e., an over 5% pt widening of Walmart’s price gap on select price elastic grocery items in both CY2012 and CY2013). This revision to our comp outlook brings 2012 EPS to $4.95 (up from $4.94) and 2013 EPS to $5.43 (up from $5.35)."
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 $69.72 yesterday, with a 52 week range of $48.31-$69.72.
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Analyst, Robert W. Carroll, said, "We are raising our 2012 U.S. comp estimate to +1.5% (vs. +1.4% previously) with the lift coming from a rise in Q4 comp ests. Additionally, our 2013 comp est. is rising to +1.0% (vs. +0.5% previously). Both estimates factor in a continued positive traffic and basket impact from Walmart’s U.S. pricing investments (i.e., an over 5% pt widening of Walmart’s price gap on select price elastic grocery items in both CY2012 and CY2013). This revision to our comp outlook brings 2012 EPS to $4.95 (up from $4.94) and 2013 EPS to $5.43 (up from $5.35)."
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 $69.72 yesterday, with a 52 week range of $48.31-$69.72.
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