February 04, 2013 at 09:57 AM EST
JP Morgan Downgrades Wal-Mart to “Neutral” (WMT)

Analysts at JP Morgan downgraded discount retail giant Wal-Mart Stores, Inc. (WMT) on Monday.

The analysts downgraded WMT from “Overweight” to “Neutral.” The firm sees shares reaching $75, which suggests a +6% upside to Friday’s closing price of $70.49.

Wal-Mart shares were down $1.02, or -1.46%, during morning trading on Monday. The stock is up +11.96% over the past year.

The Bottom Line
Shares of Wal-Mart (WMT) have a dividend yield of 2.28% based on Monday’s intraday trading price of $69.70.

Wal-Mart Stores, Inc. (WMT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here