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From: singhtelecom (Rep: 959)Date: 05/15/2018 07:55
Forum: Wal-Mart Stores - Msg #963Thread #674009210 (Rec: 0)
Q1 expectations achievable, says Stephens. Stephens analyst Ben Bienvenu said he believes that consensus expectations regarding Walmart's Q1 results are achievable, though he noted that e-commerce growth in the quarter may come in below the company's annual guidance for about 40% growth. Still, easier e-commerce comparisons as the year progresses make its annual goals doable and Bienvenu remains confident that Walmart is one of the best positioned retailers he covers, he tells investors. He maintains an Overweight rating and $108 price target on Walmart ahead of the company's earnings report due on Thursday.

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