Deutsche Bank Maintains Wal-Mart Hold (WMT)

Deutsche Bank maintained its Wal-Mart WMT Hold rating in a research report published today. In the report, Deutsche Bank states, "WMT's core customer remains economically challenged, and begrudges Walmart's recent merchandising errors. This will likely trump inflation and we model FY11 comps flat. Today's report also raised investor fears that EPS results on cost cuts may become more difficult to achieve in 2011. We see little Walmart can do quickly to drive WMT shares higher as they struggle to define a new strategy and correct past errors. Given our expectations for meager comps and low-double digit EPS over the next few years, WMT's valuation looks fair." Shares of Wal-Mart were trading at $53.36 at the time of posting, down 0.58% from Tuesday's market close.