A generic image of a pair of glasses on top of a calculator
Markets

Wal-Mart’s Estimates Boosted at Jefferies & Co. (WMT)

Retail superpower Wal-Mart Stores, Inc. ( WMT ) on Thursday saw its earnings estimates raised by analysts at Jefferies & Co.

The firm said it lifted its estimates for WMT through 2012, noting that grocery sales are being aided by a broader assortment of items.

Jefferies currently rates WMT as a "Buy" with a $61 price target, which suggests an 11% upside to the stock's Wednesday closing price of $55.17.

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

The Bottom Line

We have been recommending shares of Wal-Mart Stores ( WMT ) since Mar.4, 2011, when the stock was trading at $52.01. The company has a 2.65% dividend yield, based on last night's closing stock price of $55.17.

Wal-Mart Stores, Inc. ( WMT ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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