Morgan Stanley Upgrades Walmart, Says Premium Valuation Is Justified

Posted by Jayson Derrick

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Gutman said over the past five years, Walmart’s U.S. EBIT contracted on average by 52 basis points but management’s dedication towards cost control, expense leverage, stopping all store expansions, zero-based budgeting, and moderating e-commerce dilution will help U.S. EBIT margins expand by one basis points. EBIT can expand without the need for the company to give up its reputation of offering customers low prices and a high level of convenience….CLICK for complete article

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