Wal-Mart Hit On Downgrade (WMT, DB)

Shares of Wal-Mart WMT were downgraded this morning at Deutsche Bank DB from Buy to Hold. The firm believes that WMT will benefit less from an uptick in consumer spending because its core customers continue to be burdened by high unemployment and rising commodity costs. The stock has lost 1% to $55.77 during Wednesday's trading session on the back of the downgrade.