Citi Reports On WMT International Conference

Citi has issued a report regarding Wal-Mart Stores' WMT China Operations. According to Citi, “We had the opportunity to learn about WMT's China operations, which represent 6.9% of WMT's International division sales and 1.8% of total company sales currently. The company is eager to tap into the favorable economic and demographic dynamics which are unfolding in China, and upbeat about its growth prospects there. Specifically, Walmart China will drive growth through comp store sales, new stores, and e-commerce.” WMT is rated Buy and closed yesterday at $52.05 a share.