BMO Capital Remains Sidelined on Walmart (WMT), Says Greater Than Expected GM Pressure Continues To Emerge And E-commerce Slows
BMO Capital maintains Market Perform on Wal-Mart (NYSE: WMT) price target of $99.00.
ANalyst Wayne Hood says the company greater than anticipated gross margin pressure continues in the midst of a slow down in eCommerce.
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Shares of Wal-Mart closed at $104.78 Friday.