Nomura Highlights Wal-Mart (WMT) as Defensive Play in Retail Ahead of Q3 Print

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Happy Customers Lead to Positive Results for Wal-mart (WMT); Cowen Reiterates Market Perform

November 17, 2015 3:59 PM EST

Cowen reiterated a Market Perform rating and $66.00 price target on Wal-Mart (NYSE: WMT) following the company's 3Q earnings report. WMT US's 3Q comp of +1.5% was led by positive traffic of +1.7% as investments in higher wages, more training, and incremental department managers are driving steady... More