Telsey Upgrades Wal-Mart (WMT) to Outperform

(Updated - April 7, 2017 7:38 AM EDT)

(updated to add analyst comment)

Telsey upgraded Wal-Mart (NYSE: WMT) from Market Perform to Outperform with a price target of $82.00 (from $73.00).

Analyst Joseph Feldman says WMT looks to be regaining dominance in the physical retail game and sees the company exerting new strength in the digital market citing stronger sales. He expects Sams's Club to regain strength under new leadership.

Gis FY 2017 EPS estimate is for $4.40 and FY 2018 EPS is for $4.69.

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 $71.43 yesterday.

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