Stifel Nicolaus to the sidelines on Wal-Mart

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Stifel Nicolaus takes its rating on Wal-Mart (WMT) down to Hold from Buy.

The investment firm is truly on the sidelines as it pulls its price target (previously $83) to wait out Q1 and see how the Bentonville giant navigates through the retail season.

WMT -0.4% premarket