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Fly News Breaks for May 19, 2017
May 19, 2017 | 08:41 EDT
As noted earlier, BMO Capital upgraded Wal-Mart to Market Perform from Underperform. Analyst Wayne Hood says the outlook of the company's sales and transaction growth has improved in the wake of its Q1 results. However, he adds that the retailer continues to face "many challenges." Target to $80 from $63.
News For WMT From the Last 2 Days
Nov 22, 2017 | 14:42 EDT
With Black Friday and Cyber Monday still a few days away, online shoppers have already spent $28.6B buying online between November 1-21, which is 18% more than they did last year, according to CNBC, citing Adobe Analytics (ADBE). Cyber Monday is expected by Adobe to be largest online shopping day in history, with an estimated $6.6B in sales, for a total of $107B in online holiday spending, the report noted. Publicly online retailers include Amazon (AMZN), Wal-Mart (WMT), Best Buy (BBY). Reference Link
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