Merrill Lynch Keeps a Buy Rating on Wal-Mart Stores Inc

By Ryan Adsit

In a report released yesterday, Robert Ohmes from Merrill Lynch reiterated a Buy rating on Wal-Mart Stores Inc (NYSE: WMT), with a price target of $98. The company’s shares closed yesterday at $84.49.

Ohmes has an average return of 4.8% when recommending Wal-Mart Stores Inc.

According to, Ohmes is ranked #3550 out of 4801 analysts.

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, Guggenheim also maintained a Buy rating on the stock with a $100 price target.

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Based on Wal-Mart Stores Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $123 billion and net profit of $2.13 billion. In comparison, last year the company earned revenue of $118 billion and had a net profit of $3.04 billion.

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