Wal-Mart (WMT) Sales Trends Improved in March and April; Shares to Hold or Move Up

Jefferies reiterated a Buy rating and $90 price target on Wal-Mart (NYSE: WMT) Monday saying while Q1 got off to a slow start March and April improved.

"After a challenging start to the quarter, our research suggests Walmart saw sequential improvement in March and April," analyst Daniel Binder states. "If this is the message we get from management, then shares should be able to hold current levels or move higher. We are modeling a comp around flat, which includes February down solid low single digits and March and April up low single digits."

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 $78.50 yesterday.

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