Jefferies Lowers Price Target on Wal-Mart (WMT)
Tweet
Share
E-mailGet Alerts WMT Hot Sheet
Price: $103.86 +0.02%
Rating Summary:
45 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Rating Summary:
45 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Join SI Premium – FREE
Jefferies analyst lowered their price target on Wal-Mart (NYSE: WMT) $1.70 from $58.70 to $57.00 while maintaining a hold rating on the company.
Headlines from Mexico have cast a cloud over the outlook for the stock, considering unknown effects from the investigation which could include potential charges from Mexican authorities, possible investor lawsuits, or worse - more headlines.
Jefferies analysts recommend adding to positions on dips, but do not recommend pulling the trigger at these levels. The $57 price target is based on WMT shares selling at about 12x Jefferies’ FY13 EPS estimate of $4.81. This is slightly below the company’s average 3 year P/E ratio of 12.5x.
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 $58.70 yesterday.
Headlines from Mexico have cast a cloud over the outlook for the stock, considering unknown effects from the investigation which could include potential charges from Mexican authorities, possible investor lawsuits, or worse - more headlines.
Jefferies analysts recommend adding to positions on dips, but do not recommend pulling the trigger at these levels. The $57 price target is based on WMT shares selling at about 12x Jefferies’ FY13 EPS estimate of $4.81. This is slightly below the company’s average 3 year P/E ratio of 12.5x.
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 $58.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades Walmart (WMT) to Buy
- Walmart (WMT) PT Lowered to $126 at BofA Securities
- BMO Capital Starts Broadcom Limited (AVGO) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
