Wal-Mart Message Board - Msg: 1804128

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 9:30 AM EST

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To: David F. Robinson who wrote (142)	7/21/1997 12:53:00 PM
From: Ken Turetzky	of 1166

Here's the news report on the J.P. Morgan upgrade: JP Morgan Ups Wal-Mart To Long-Term Buy From Mkt Performer NEW YORK (Dow Jones)--J.P. Morgan Securities Inc. upgraded Wal-Mart Stores Inc. (WMT) to long-term buy from market performer based on overseas acquisition potential. In a research note, the firm raised the company's fiscal 1999 earnings estimate to $1.74 from $1.72 to reflect higher earnings from its international division.

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