Wal-Mart’s Estimates Raised at Morgan Stanley (WMT)
Retail giant Wal-Mart Stores, Inc. ( WMT ) on Monday caught some bullish commentary from analysts at Morgan Stanley.
The firm maintained its "Equal-weight" rating on WMT but lifted its earnings estimates through 2015. Morgan Stanley noted the company is benefiting from strong operating leverage.
Wal-Mart shares, which have risen nearly 10% year-to-date, were unchanged in premarket trading Monday.
The Bottom Line
Shares of Wal-Mart Stores ( WMT ) have a 2.43% dividend yield, based on Friday's closing stock price of $65.58. The stock has technical support in the $60-$62 price area. The stock is approaching all-time highs of $69 a share.
Wal-Mart Stores, Inc. ( WMT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.