Wal-mart (WMT): Making The Difficult Choices - RBC

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Go back to Wal-mart (WMT): Making The Difficult Choices - RBC

BMO Capital Cuts Price Target on Wal-mart (WMT) to $63 Following Released Earnings Outlook

October 11, 2016 8:50 AM EDT

BMO Capital maintained an Underperform rating on Wal-Mart (NYSE: WMT), and cut the price target to $63.00 (from $67.00), following the company's release of its 2017-18 earnings outlook. 2017 earnings are expected to be about flat with 2016 and increase 5% in 2018 compared with prior guidance of 5%-10% in 2018.... More