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

By Austin Angelo

Telsey Advisory analyst Joe Feldman reiterated a Buy rating on Wal-Mart Stores Inc (NYSE: WMT) today and set a price target of $84. The company’s shares closed yesterday at $77.54, close to its 52-week high of $77.66.

According to TipRanks.com, Feldman is a 2-star analyst with an average return of 1.5% and a 55.3% success rate. Feldman covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Michaels Companies, and Bed Bath & Beyond.

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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