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.
- Southern Gourmasian to Open Restaurant in Downtown Little Rock
- Jerry Barakat Opening Japanese Restaurant in Hillcrest
- Waltons Check in at No. 1 on Forbes 'Richest American Families' List
- Bill Simon Stepping Down As Leader of Wal-Mart's U.S. Stores 6 hours ago
- Josh Moody's Overwatch App Ready to Hit Market 23 hours ago
- NLR Sports Memorabilia Dealer John Rogers Sued for Missed Payment 4 days ago
- Mo Money, Uber Problems (Robert Coon On Politics) 1 day ago
- Federal Disaster Declarations Made for 10 Counties 22 hours ago