Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Banc of America Lowers Wal-Mart to 'Neutral'

Banc of America downgraded Wal-Mart (WMT) to neutral from buy.

Analyst Aram Rubinson says he wasn't terribly compelled by Wal-Mart's valuation when he issued a buy rating back in April, but he says there was a story. Now, with the story having played itself out for the most part, and with the stock rapidly approaching the $62 target, he doesn't see enough reason to keep his buy rating.

Although he believes Wal-Mart is a great company, at present, Rubinson says the discount retailer's reward profile doesn't outweigh the risk by enough of a margin to warrant a buy recommendation.

blog comments powered by Disqus