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.