Bank of America Upgrades Wal-Mart Stores to Buy with Price Target $88

Brokerage firm Bank of America Upgrades its rating on Wal-Mart Stores(WMT). As per the latest information, Bank of America Raises the price target to $88 per share from a prior target of $76. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Bank of America was issued on Feb 22, 2017 in a research report to their Investors and Clients.

In a different note, Susquehanna said it Initiates Coverage On Wal-Mart Stores, according to a research note issued on Feb 10, 2017. In the research note, the firm Announces the price-target to $80 per share. The shares have been rated ‘Positive’ by the firm. Bernstein said it Initiates Coverage On Wal-Mart Stores, according to a research note issued on Feb 7, 2017. In the research note, the firm Announces the price-target to $75 per share. The shares have been rated ‘Market Perform’ by the firm. Wells Fargo said it Initiates Coverage On Wal-Mart Stores, according to a research note issued on Jan 25, 2017. The shares have been rated ‘Market Perform’ by the firm. On Jan 20, 2017, Stifel Nicolaus said it Reinstates its rating on Wal-Mart Stores. In the research note, the firm Announces the price-target to $70 per share. The shares have been rated ‘Hold’ by the firm.

Wal-Mart Stores (WMT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.36% or 0.26 points. Due to strong positive momentum, the stock ended at $71.71, which is also near the day’s high of $72.37. The stock began the session at $72.25 and the volume stood at 1,52,42,674 shares. The 52-week high of the shares is $75.19 and the 52 week low is $62.72. The company has a current market capitalization of $220,378 M and it has 3,07,31,90,300 shares in outstanding.

Wal-Mart Stores(WMT) last announced its earnings results on Nov 17, 2016 for Fiscal Year 2017 and Q3.Company reported revenue of $118.18B. Analysts had an estimated revenue of $118.62B. Earnings per share were $0.98. The reported EPS was above estimates by $0.02 or 2.08%. Analysts had estimated an EPS of $0.96.

Several Insider Transactions has been reported to the SEC. On Jan 9, 2017, Rosalind G Brewer (Executive Vice President) sold 32,350 shares at $68.32 per share price.Also, On Nov 23, 2016, C Douglas Mcmillon (President and CEO) sold 75,063 shares at $69.08 per share price.On Sep 9, 2016, S Robson Walton (director 10% owner) sold 2,100,000 shares at $71.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.

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