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Fly News Breaks for May 19, 2017
May 19, 2017 | 08:43 EDT
Cowen analyst Oliver Chen said Wal-Mart continues to execute in a difficult retail environment. He noted e-commerce sales were up 63% during the quarter and he believes they remain in the early innings. Chen believes Wal-Mart will continue to innovate and execute and thus reiterated his Outperform rating and $83 price target on Wal-Mart shares.
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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