Credit Suisse Believes Wal-Mart Stores Inc (NYSE: WMT) Still Has Room to Grow

By Ryan Adsit

In a report released yesterday, Edward Kelly from Credit Suisse maintained a Buy rating on Wal-Mart Stores Inc (NYSE: WMT), with a price target of $80. The company’s shares closed yesterday at $77.54, close to its 52-week high of $77.66.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.4% and a 69.7% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Walgreens Boots Alliance, and Performance Food Group.

Currently, the analyst consensus on Wal-Mart Stores Inc is Moderate Buy and the average price target is $80, representing a 3.2% upside.

In a report issued on May 12, Jefferies also reiterated a Buy rating on the stock with a $88 price target.

The company has a one year high of $77.66 and a one year low of $65.28. Currently, Wal-Mart Stores Inc has an average volume of 8.18M.

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