Notable Downgrades: Wal-Mart Stores (WMT), Manitowoc (MTW), Yelp Inc. (YELP), BlackRock (BLK), Garmin Ltd. (GRMN)

Analysts at BofA/Merrill (BAC) downgraded Wal-Mart Stores Inc. (WMT) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Thursday. The target price for WMT is set at $65/share. On valuation measures, Wal-Mart Stores Inc. stock it’s trading at a forward P/E multiple of 12.62x, and at a multiple of 12.30x this year’s […] View the full post at: Notable Downgrades: Wal-Mart Stores (WMT), Manitowoc (MTW), Yelp Inc. (YELP), BlackRock (BLK), Garmin Ltd. (GRMN) Related posts: Wal-Mart Guilty of Currency Manipulation? Garmin Beats, Stock Navigating to a Huge Day Wal-Mart increases annual dividend
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