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Here's what 10 Wall Street pros are saying about Walmart's bleak outlook and stock price plunge

Akin Oyedele   

Here's what 10 Wall Street pros are saying about Walmart's bleak outlook and stock price plunge
Stock Market1 min read

walmart wal-mart demonstrators workers employees wages jobs

REUTERS/James Lawler Duggan

Demonstrators from Interfaith Worker Justice participate in a Black Friday protest against Walmart's labor practices.

Walmart gave investors some bad news on Wednesday.

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:

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