ISI Maintains Hold on Walmart

ISI is out with its report today on Walmart WMT, maintaining Hold. In a note to clients, ISI writes, "Walmart is delivering solid free cash flow, SG&A leverage, and buybacks, but U.S. traffic and comps remain elusive. We see reasons for comps to stabilize heading into 2011, but for consistent positive traffic it will likely need to penetrate urban areas where their market share lags significantly." At the time of posting, shares of WMT were trading pre-market at $55.27, up 0.09% from Tuesday's close.