Wal-Mart Message Board - Msg: 2036030

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Non-Tech : Wal-Mart

WMT 102.49

-0.1%

3:59 PM EST

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To: Jack L. Dlugach who wrote (261)	8/23/1997 7:57:00 PM
From: Ken Turetzky	of 1166

From briefing.com Stock Monitor: Wal-Mart Stores (WMT) 37 3/4: In our last Brief dated 4/10/97, we noted that WMT had finally broken out of a long-term basing formation amid increased volume. In light of the technical breakout and the stock's improved earnings momentum, we established an intermediate-term target in the 34 area. We are pleased to note that the stock had no trouble reaching, and exceeding our target, with the shares now up 45% since our bullish forecast. Given the company's strong same-store sales growth (6.0%) so far this year, the success of its new softer image and the stock's impressive momentum, we expect WMT to continue climbing over the intermediate- to long-term. Our biggest concern at this point is the sluggish growth at the Sam's Club stores. On balance, however, the outlook for WMT remains bright and growth oriented investors should consider using any near-term weakness related to profit-taking as a (re)entry point. Our upside target is in the 43-45 range. (Rev: 07/31)

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