Analysts Conflicted on These Services Names: Wal-Mart Stores Inc (NYSE: WMT) and Kroger Company (NYSE: KR)

By Carrie Williams

Analysts have been eager to weigh in on the Services sector with new ratings on Wal-Mart Stores Inc (NYSE: WMT) and Kroger Company (NYSE: KR).

Wal-Mart Stores Inc (NYSE: WMT)

Credit Suisse analyst Seth Sigman maintained a Hold rating on Wal-Mart Stores Inc (NYSE: WMT) yesterday and set a price target of $85. The company’s shares closed yesterday at $84.49.

According to TipRanks.com, Sigman is a 1-star analyst with an average return of -1.8% and a 47.5% success rate. Sigman covers the Services sector, focusing on stocks such as Camping World Holdings, Dick’s Sporting Goods, and Advance Auto Parts.

Currently, the analyst consensus on Wal-Mart Stores Inc is Moderate Buy and the average price target is $102.64, representing a 21.5% upside.

In a report issued on May 9, Oppenheimer also assigned a Hold rating to the stock with a $93 price target.

See today’s analyst top recommended stocks >>

Kroger Company (NYSE: KR)

Credit Suisse analyst Judah Frommer maintained a Buy rating on Kroger Company (NYSE: KR) yesterday and set a price target of $30. The company’s shares closed yesterday at $25.30.

According to TipRanks.com, Frommer is a 2-star analyst with an average return of 4.1% and a 80.0% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and US Food Holdings Corp.

Currently, the analyst consensus on Kroger Company is Moderate Buy and the average price target is $27.63, representing a 9.2% upside.

In a report released yesterday, Merrill Lynch also upgraded the stock to Buy with a $33 price target.

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