Wal-Mart’s Target Boosted at Credit Suisse (WMT)

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Retail superpower Wal-Mart Stores, Inc. ( WMT ) on Tuesday received some positive commentary from analysts at Credit Suisse.

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 Tuesday.

The Bottom Line
Shares of Wal-Mart Stores ( WMT ) 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. ( WMT ) 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 Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: WMT

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