Wal-Mart profit beats expectations; stock jumps

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Go back to Wal-Mart profit beats expectations; stock jumps

Cowen Raises Price Target on Wal-Mart (WMT) Following a Positive 1Q

May 19, 2016 3:44 PM EDT

Cowen 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

UBS Remains Sidelined on Target (TGT) Following 1Q Report - PT to $73

May 19, 2016 9:53 AM EDT

UBS maintained a Neutral rating on Target (NYSE: TGT), and cut the price target to $73.00 (from $82.00), following the company's 1Q earnings report.

Analyst Michael Lasser commented, "Based on TGT's commentary about its sales by region since Easter, it seems very... More

Wal-mart (WMT) Tops Q1 Views on Solid Comps, Robust Margins - Cowen

May 19, 2016 9:23 AM EDT

Cowen and Company reaffirms Wal-mart (NYSE: WMT) at Market Perform with a price target of $64 following Q1 results and outlook issued earlier.

Analyst Oliver Chen commented, 1Q sales summary: Walmart US comps of +1.0%, above Cowen and the Street's +0.5% estimate and mgmt.'s guidance of +0.5%. The 2-year stack was flat with 4Q at a healthy... More

Piper Jaffray Cuts Price Target on Target (TGT) Following 1Q

May 19, 2016 7:59 AM EDT

Piper Jaffray maintained an Overweight rating on Target (NYSE: TGT), and cut the price target to $86.00 (from $87.00), following the company's 1Q earnings report.

Analyst Sean Naughton commented, "Target had a solid first quarter and clearly has been taking share, but... More