- Barclays has upgraded Wal-Mart (NYSE:WMT) to Overweight from Equal Weight, saying the retailer is in the early stage of a real turnaround.
- "We believe the tide is turning. Investments in labor appear to be resonating with the employees and therefore the customers, the quality of the product offering is improving, and service and execution has improved," analyst Karen Short wrote in a research note. "WMT's recent initiatives are driving a turnaround and believe once momentum gains steam - retailers of WMT's size and scale rarely lose the momentum."
- WMT +0.8% premarket