Wal-mart Stores (WMT) Reports In-Line Q2 EPS; Cuts FY15 EPS Outlook

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Nomura Maintains Bullish Stance on Wal-Mart (WMT) Post Q2

August 15, 2014 9:08 AM EDT

Nomura Securities analyst Robert Drbul reiterated a Buy rating and $85 price target on Wal-Mart (NYSE: WMT) price target of $85.00

Drbul commented, "Walmart US posted a flat comp in the quarter, in line with expectations, and comprising a 1.1% decline in comp traffic and a 1.1% increase... More