(Bloomberg) -- Wal-Mart Stores Inc. was upgraded by
at least three U.S. brokerages following the retailer's
announcement that it plans to buy back as much as $15 billion of
shares and reduce the number of new stores.
Wal-Mart, the world's largest retailer, was upgraded to
``overweight'' from ``neutral'' at JPMorgan, which said the stock
buyback and plans to cut capital expenditures, announced June 1,
may increase earnings.
Read more at Bloomberg Stocks News
at least three U.S. brokerages following the retailer's
announcement that it plans to buy back as much as $15 billion of
shares and reduce the number of new stores.
Wal-Mart, the world's largest retailer, was upgraded to
``overweight'' from ``neutral'' at JPMorgan, which said the stock
buyback and plans to cut capital expenditures, announced June 1,
may increase earnings.
Read more at Bloomberg Stocks News
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