Jefferies Boosts Price Target On Wal-Mart (WMT) Ahead of Q4 Results
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Price: $103.70 -0.13%
Rating Summary:
45 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
45 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies raised its price target on Wal-Mart (NYSE: WMT) from $54 to $57 ahead of Q4 results on February 21st, before the market opens.
The firm comments, "Our checks lead us to think Wal-Mart achieved its goal for positive comp store sales in US Wal-Mart stores and we are upping our comp store sales estimate to 2.0% from 1.5%, against an easy comparison of -1.8% a year ago. Given the well communicated mission to invest in price, it is unclear how much margin Wal-Mart may have given up to accomplish a better comp store sales gain, so we are not changing our $1.45 Q4 EPS estimate."
The firm maintained FY13 EPS of $4.78.
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 $62.04 yesterday.
The firm comments, "Our checks lead us to think Wal-Mart achieved its goal for positive comp store sales in US Wal-Mart stores and we are upping our comp store sales estimate to 2.0% from 1.5%, against an easy comparison of -1.8% a year ago. Given the well communicated mission to invest in price, it is unclear how much margin Wal-Mart may have given up to accomplish a better comp store sales gain, so we are not changing our $1.45 Q4 EPS estimate."
The firm maintained FY13 EPS of $4.78.
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 $62.04 yesterday.
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