Wal-Mart (WMT) Price Target Trimmed to $82 at Deutsche Bank; Analyst Maintains Hold

Deutsche Bank maintained a Hold rating on Wal-Mart (NYSE: WMT) and lowered its price target to $82.00 (from $86.00).

Analyst Greg Poole said, "WMT's 4Q SSS impressed us, accelerating sequentially to its best level in over 2 years. This bodes especially well for our retailers with more exposure to low-income consumers (we highlight DG which has not provided a mid-quarter update). Shares of WMT are weak this morning, however, as 2015 investments in labor and e-commerce are much heavier than expected. With no earnings growth on the horizon, we remain sidelined."

For an analyst ratings summary and ratings history on Wal-Mart click here. For more ratings news on Wal-Mart click here.

Shares of Wal-Mart closed at $83.52 yesterday.

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