Markets

Credit Suisse Raises Target, Estimates for Wal-Mart on Positive Sales Trends (WMT)

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

The firm maintained its "Neutral" rating on WMT but raised its price target to $75. That new target suggests a 5% upside to the stock's Thursday closing price of $71.53. Credit Suisse also lifted its earnings estimates for the company, citing bullish store traffic and customer spending rates.

Wal-Mart shares were mostly flat in premarket trading Friday.

The Bottom Line

Shares of Wal-Mart Stores ( WMT ) have a 2.22% dividend yield, based on last night's closing stock price of $71.53. The stock has technical support in the $67-$68 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 Nasdaq, Inc.

Created by Dividend.com


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

In This Story

WMT

Other Topics

Stocks

Latest Markets Videos