You'll want to watch your Wal-Mart stock today. JP Morgan has downgraded its rating on the retailer's shares, taking it to "neutral."
While the company has "successfully refocused on its core competencies and customers since 2010," analysts wrote in the note, "we believe the lift to sales will be more subdued vs. the low-hanging fruit of the initial turnaround."
Analysts lowered their price estimate on shares, and said the expiration of payroll tax relief will affect the company's core customers.
- Rod Ford: Little Rock Startup Scene Needs Capital
- Community Bankers Group Responds to Wal-Mart's GoBank Checking Accounts
- Report: David Tovar Resigned From Wal-Mart Over Resume Falsehood
- Otter Creek Mall Development Decades in the Making 2 days ago
- If Arkansas Goes Wet, ABC Has Plan 2 days ago
- Sager Sells Allens Properties to Jim Bob Duggar 2 days ago
- Murphy Oil Sells 30 Percent of Malaysia Assets for $2B 20 hours ago
- Here's How You Can Get Into Warren Stephens' Exclusive Alotian Club 1 year ago