Walmart reports Q1 FY17 EPS of $0.98, EPS and Walmart U.S. comp sales exceed guidance
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Wal-Mart (WMT) PT, Estimates Raised at Nomura on Strong Quarter
May 20, 2016 7:56 AM EDTNomura Securities analyst Robert Drbul reiterated a Buy rating and raised his price target on Wal-Mart (NYSE: WMT) to $81.00 (from $70.00) following strong results.
Drbul commented, "Revenue increased 0.9% to $115.90bn (+4.0% in CC). Walmart U.S. comps increased 1.0%, above our expectation for +0.5%, incl. 1.5% traffic growth (vs. TGT's +0.3% traffic in 1Q). We are encouraged by... More
Cowen Raises Price Target on Wal-Mart (WMT) Following a Positive 1Q
May 19, 2016 3:44 PM EDTCowen reiterated a Market Perform rating on Wal-Mart (NYSE: WMT), and raised the price target to $70.00 (from $64.00), following the company's 1Q earnings report. Walmart posted US comps of +1.0%, above the Street's +0.5% estimate and management.'s guidance of +0.5%. Management. noted in the pre-recorded... More
