Retail superpower Wal-Mart Stores, Inc. (
) on Tuesday received some positive commentary from analysts at
The firm maintained its "Neutral" rating on WMT but lifted its
price target on WMT to $80, suggesting a 9% upside to the stock's
Monday closing price of $73.51.
Credit Suisse said it made the move amid the company's plan to
cut back on foreign capital expenditures.
Wal-Mart shares were mostly flat in premarket trading
The Bottom Line
Shares of Wal-Mart Stores (
) have a 2.16% dividend yield, based on last night's closing stock
price of $73.51. The stock has technical support in the $68-$70
price area. The shares are trading near all-time highs.
Wal-Mart Stores, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
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, as well as a detailed explanation of
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