Here's what 10 Wall Street pros are saying about Walmart's bleak outlook and stock price plunge
Oct 15, 2015, 18:19 IST
Advertisement
At its annual investor day, the company cut its outlook for profits over the next two years. It said it expects a drop of 6% to 12% in 2017.
Shares got wrecked, and fell about 10% to log the stock's worst intra-day drop in at least 15 years.
By Thursday, several Wall Street analysts had cut their price targets on the stock, which was down less than 1% in premarket trading near $59.69 per share.
Here's a roundup of what analysts are saying:
Advertisement