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WMT

Wal-Mart

$68.54

-0.65 (-0.94%)

05:24
11/21/16
11/21
05:24
11/21/16
05:24

Walmart to Cyber Week deals on Friday, Nov. 25

After nearly tripling its online product assortment this year from 8 million to more than 23 million items, Walmart today announced it will offer its largest Cyber Week assortment to date and kick off the event the day after Thanksgiving. Thousands of Walmart's Cyber Week online specials, featuring surprising new brands and unbeatable prices, will be available starting Friday, Nov. 25. Every day throughout the holiday season, Walmart is giving customers more opportunities to save on the best gifts. Customers that want to shop early can do so starting with Black Friday deals on Walmart.com at 12:01 a.m. EST Thanksgiving morning, continuing when stores open at 6 p.m. local time Thanksgiving Day, and then throughout Cyber Week beginning Friday at 12:01 a.m. EST.

WMT Wal-Mart
$68.54

-0.65 (-0.94%)

10/21/16
10/21/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CBS (CBS) initiated with a Buy at Wunderlich. 2. Wal-Mart (WMT) initiated with a Neutral at Piper Jaffray with analyst Sean Naughton citing "persistent declines" in U.S. operating margin and falling returns on incremental capital for his Neutral rating. 3. Asure Software (ASUR) initiated with a Buy at Roth Capital. 4. Valvoline (VVV) initiated with a Neutral at JPMorgan and a Neutral at Longbow. 5. Abraxas Petroleum (AXAS) initiated with a Buy at Rodman & Renshaw. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/27/16
JPMS
10/27/16
DOWNGRADE
Target $28
JPMS
Neutral
JPMorgan downgrades Vitamin Shoppe on 2017 earnings risk
JPMorgan analyst Christopher Horvers earlier today downgraded Vitamin Shoppe (VSI) to Neutral from Overweight and lowered his price target for the shares to $28 from $33. The analyst sees downside risk to 2017 earnings as the competitive environment worsens. GNC Holdings (GNC) under new management is testing major pricing and loyalty card changes while Vitamin Shoppe's comparable prices are higher versus Amazon (AMZN), Horvers tells investors in a research note. He sees Vitamin Shoppe "squeezed between" its three larger competitors, GNC, Wal-Mart (WMT) and Amazon. The stock is trading down $2.05 to $25.30 following GNC's Q3 results. GNC is trading down 20% to $16.04.
11/11/16
BARD
11/11/16
NO CHANGE
Target $80
BARD
Outperform
Wal-Mart 2017 earnings somewhat de-risked, says Baird
Baird analyst Peter Benedict expects Wal-Mart's Q3 results to be generally in-line as investments in associates, processes, and prices are working together to drive improved customer satisfaction and sales. The company's 2017 estimates appear to be de-risked as management reset margin and earnings expectations at last month's investor meeting, said Benedict, who reiterated his Outperform rating and $80 price target on Wal-Mart shares.
11/17/16
BARD
11/17/16
NO CHANGE
Target $80
BARD
Outperform
Wal-Mart strategy remains on track, says Baird
Baird analyst Peter Benedict notes that this was a 'noisy' quarter for Wal-Mart, but underlying EPS effectively in line with expectations. While acknowledging that U.S. traffic gains slowed against a tougher compare and Q4 EPS guidance was viewed as a disappointment, the analyst believes Wal-Mart's strategy remains on track and 2017 EPS estimates appear largely de-risked. He reiterates an Outperform rating and $80 price target on the shares, given the company's defensive appeal within a still choppy consumer/retail backdrop.

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