Wells Fargo Raising Numbers on Wal-Mart (WMT); Start Paddling, Don't Feel Push From Wind Anymore
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Price: $77.39 -0.01%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade WMT Now!
Wells Fargo maintains a 'Market Perform' on Wal-Mart (NYSE: WMT) price target range raised to $66-$70 (from $60-$64)
Analyst, Matt Nemer, said, "Despite an in-line quarter, results and guidance weren’t good
enough to boost WMT shares higher after its huge run over the last 3 months (up
26% versus the S&P up 7%,). Sam’s comps also decelerated a bit this quarter,
and the company announced it will temper growth plans in emerging markets
this year in order to focus on improving store productivity and profitability."
"Back to school sales are also off to a strong start, with apparel categories up 7% season-to-date. We are fine-tuning our estimates to reflect this quarter’s results and guidance. Our Q3 EPS estimate goes from $1.05 to $1.08 (versus guidance of $1.04-1.09), our FY2013 EPS estimate goes from $4.87 to $4.90 (versus guidance of $4.83 to $4.93), our FY2014 estimate goes from $5.25 to $5.26."
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, Matt Nemer, said, "Despite an in-line quarter, results and guidance weren’t good
enough to boost WMT shares higher after its huge run over the last 3 months (up
26% versus the S&P up 7%,). Sam’s comps also decelerated a bit this quarter,
and the company announced it will temper growth plans in emerging markets
this year in order to focus on improving store productivity and profitability."
"Back to school sales are also off to a strong start, with apparel categories up 7% season-to-date. We are fine-tuning our estimates to reflect this quarter’s results and guidance. Our Q3 EPS estimate goes from $1.05 to $1.08 (versus guidance of $1.04-1.09), our FY2013 EPS estimate goes from $4.87 to $4.90 (versus guidance of $4.83 to $4.93), our FY2014 estimate goes from $5.25 to $5.26."
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Standard & Poor's, Wells Fargo
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