Cleveland Research Analyst Issued Cautious Note Ahead of Wal-mart (WMT) Memo
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Price: $111.84 --0%
Rating Summary:
45 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 19 | New: 16
Rating Summary:
45 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 19 | New: 16
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Into Wal-mart (NYSE: WMT) getting hit Friday afternoon, at least one analyst made a smart call earlier Friday.
Jeff Stinson from Cleveland Research said sales looked "significantly softer" over the last three to four weeks and first-quarter comps were "likely trending negative."
No category had been unaffected, Stinson said, and Wal-mart might respond with more aggressive pricing and merchandising. Gross margins could be hit on the shift, only bolstered by lower sales.
Though Stinson didn't mention "high payroll taxes and delays in tax returns" as potential catalysts, the point was made.
Cleveland Research rates Wal-mart at Neutral. For more on the Wal-mart memo, click here
Shares of Wal-mart are down 2.8 percent, off of intraday lows.
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 $70.82 yesterday.
Jeff Stinson from Cleveland Research said sales looked "significantly softer" over the last three to four weeks and first-quarter comps were "likely trending negative."
No category had been unaffected, Stinson said, and Wal-mart might respond with more aggressive pricing and merchandising. Gross margins could be hit on the shift, only bolstered by lower sales.
Though Stinson didn't mention "high payroll taxes and delays in tax returns" as potential catalysts, the point was made.
Cleveland Research rates Wal-mart at Neutral. For more on the Wal-mart memo, click here
Shares of Wal-mart are down 2.8 percent, off of intraday lows.
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 $70.82 yesterday.
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