Analysts’ Opinions Are Mixed on These Services Stocks: Wal-Mart Stores Inc (NYSE: WMT), Nexstar (NASDAQ: NXST) and Whole Foods (NASDAQ: WFM)

By Jason Carr

Analysts have been eager to weigh in on the Services sector with new ratings on Wal-Mart Stores Inc (NYSE: WMT), Nexstar (NASDAQ: NXST) and Whole Foods (NASDAQ: WFM).

Wal-Mart Stores Inc (NYSE: WMT)

Jefferies analyst Steven Desanctis reiterated a Buy rating on Wal-Mart Stores Inc (NYSE: WMT) today and set a price target of $88. The company’s shares closed yesterday at $79.52, close to its 52-week high of $80.48.

According to TipRanks.com, Desanctis is a 2-star analyst with an average return of 0.8% and a 70.0% success rate. Desanctis covers the Basic Materials sector, focusing on stocks such as Southwestern Energy, Pioneer Natural, and Albemarle Corp.

Currently, the analyst consensus on Wal-Mart Stores Inc is Moderate Buy and the average price target is $82.92, representing a 4.3% upside.

In a report issued on May 31, Robert W. Baird also reiterated a Buy rating on the stock with a $85 price target.
Nexstar (NASDAQ: NXST)

Jefferies analyst John Janedis reiterated a Buy rating on Nexstar (NASDAQ: NXST) on June 12 and set a price target of $80. The company’s shares closed yesterday at $62.90.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 8.8% and a 65.3% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

Nexstar has an analyst consensus of Strong Buy, with a price target consensus of $84.

Whole Foods (NASDAQ: WFM)

Jefferies analyst Christopher Mandeville reiterated a Hold rating on Whole Foods (NASDAQ: WFM) yesterday and set a price target of $39. The company’s shares closed yesterday at $35.62.

According to TipRanks.com, Mandeville is a 3-star analyst with an average return of 5.3% and a 57.1% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Papa John’s International, and Walgreens Boots Alliance.

Whole Foods has an analyst consensus of Hold, with a price target consensus of $35.

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