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News Update: Citigroup Upgrades Wal-Mart to Buy;… Citigroup upgraded Wal-Mart Stores (NYSE:WMT) to (More) Citigroup upgraded Wal-Mart Stores (NYSE:WMT) to Buy from Hold and raised its price target to $65 from $54. Analyst Deborah L Weinswig said, "wmt's negative traffic comp in 4Q09 served as an indication that WMT may be losing the customer it had gained during the recession by allowing the price gap with the supermarkets to narrow. wmt's price savings no longer outweigh the experience and convenience of shopping the supermarkets. As the economy improves, we expect WMT to fight harder to keep this customer by sig. increasing rollbacks to drive mindshare and market share." The bank expects the company to report 2011 EPS of $4.04, versus consensus estimates of $3.98. (Less)
News Update: Wal-Mart (NYSE:WMT) to Begin Testing… According to Dow Jones Monday, Gilford Securities (More) According to Dow Jones Monday, Gilford Securities says that when Wal-Mart (NYSE:WMT) reports fiscal Q4 results Feb 18, 2010, the retailer may announce it will begin testing urban stores of 10000 sq feet or less (roughly drug-store size) in order to expand operations and locations into cities with better success rates. The firm says the stores could offer check cashing and bill payment services in addition to household goods. A Wal-Mart spokesperson wasn't immediately available for comment, Dow Jones said. (Less)
Saatai 2012 LOTUSFIVESTAR 1CD 700MB DVD RIP TEAM WMT netload.in ext: .avi 711 MB date: 2012-11-03
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