JPMorgan kicks off Black Friday week for Wal-Mart (WMT) with an upgrade to Overweight from...

|By:, SA News Editor

JPMorgan kicks off Black Friday week for Wal-Mart (WMT) with an upgrade to Overweight from Neutral on the strength of its turnaround in domestic sales momentum and attractive valuation. In a note to clients, analysts reason that WMT is an attractive play because of the desire to own a "low-beta stock with company-specific drivers" in light of an expected post-holiday moderation in retail sales.