In Friday’s Analysts’ Actions, the world’s largest retailer Walmart was downgraded to EQUAL WEIGHT at Barclays following light guidance and a revenue miss. The firm also lowered earnings estimates, a valuation call as investments in training and e-commerce have yet to yield benefits. Another hit to Walmart, Goldman Sachs analysts reiterated a NEUTRAL rating and slashed price targets to $81 from $90. Analysts said decisions to raise wages and increase training to reduce turnover would impact profits. Hasbro has been downgraded to EQUAL WEIGHT at Barclays. Analysts said while they remain impressed with the toymaker’s performance, the downgrade is a valuation call given shares’ growth.
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