Barclays Downgrades Wal-Mart (WMT) to Equalweight
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Wal-Mart (WMT) Price Target Trimmed to $82 at Deutsche Bank; Analyst Maintains Hold
February 20, 2015 11:07 AM ESTDeutsche Bank maintained a Hold rating on Wal-Mart (NYSE: WMT) and lowered its price target to $82.00 (from $86.00).
Analyst Greg Poole said, "WMT's 4Q SSS impressed us, accelerating sequentially to its best level in over 2 years. This bodes especially well for our retailers with more... More
Wal-Mart (WMT) PT, Estimates Cut at Jefferies
February 20, 2015 8:12 AM ESTJefferies analyst Daniel Binder lowered estimates and his price target on Hold-rated Wal-Mart (NYSE: WMT) price target of $77.00 (from $82.00) following Q4 results and news the company will raise wages.
Binder commented, "Wage increases reflect a need to close the gap with other retailers... More
Wal-Mart (WMT) Raising Wages to $9/Hour by April, Then $10/Hour By Early Next Year
February 19, 2015 8:45 AM ESTIn addition to earnings, Wal-Mart (NYSE: WMT) announced that it will be raising their entry wage to at least $9 an hour in April, and, by February of next year, all current associates will earn at least $10 an hour.
Below is a blog post from CEO Doug McMillon:
As many of you know, Im really proud to have been a Walmart associate for a long time. This company has given so many of us opportunities beyond our wildest dreams. We joined Walmart because we wanted a job but found much... More
Wal-Mart (WMT) Tops Q4 EPS by 7c, FY EPS Guidance Falls Short
February 19, 2015 8:34 AM ESTWal-Mart (NYSE: WMT) reported Q4 EPS of $1.61, $0.07 better than the analyst estimate of $1.54. Revenue for the quarter came in at $131.6 billion versus the consensus estimate of $132.29 billion. Walmart U.S. comp sales increased 1.5 percent for the 13-week period ended Jan. 30, 2015.
Wal-Mart sees Q1 2016 EPS of $0.95-$1.10, versus the consensus of $1.14.
Wal-Mart sees FY2016 EPS of $4.70-$5.05, versus the consensus of $5.19.
Guidance
The company provided guidance for EPS and updated its estimate for fiscal year 2016 sales growth.
"Given the investments we're making in our worldwide... More
