Goldman Sachs Comments On Wal-Mart 2Q Results

According to Goldman Sachs, Wal-Mart Stores WMT 2Q results came in light of expectation, they beat consensus by a penny even though US comps declined 0.9% and margins were flat. Goldman Sachs said that WMT's U.S. comp improved sequentially in every month during the quarter, with July posting positive comps on positive ticket and traffic and early August off to a good start. “We are raising our 12-month price target to $58 from $55 as we roll our 12.5X forward 24-month EPS methodology. Our estimates are unchanged.” Wal-Mart Stores closed yesterday at $51.92.
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Posted In: Analyst ColorAnalyst RatingsConsumer StaplesGoldman SachsHypermarkets & Super Centers
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