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Article: Wal-Mart looks to repeat stellar stock performance
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- January 4, 2009
- Author:
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CHRIS BURRITT, BLOOMBERG NEWS
The Record (Bergen County, NJ)
01-04-2009
Wal-Mart looks to repeat stellar stock performance
By CHRIS BURRITT, BLOOMBERG NEWS
Date: 01-04-2009, Sunday
Section: BUSINESS
Edtion: All Editions
Wal-Mart Stores Inc., the world's biggest retailer, may be poised for share gains exceeding 10 percent for a second straight year as discounts on groceries and flat-panel televisions grab customers from Target Corp.
The chain's stock, which dropped in five of the past nine years, will probably advance 12 percent this year, following the 18 percent growth to $56.06 that made it the best performer on 30-member Dow Jones industrial average in 2008, according to analysts' estimates ...