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Actionable news in WMT: WAL-MART STORES Inc,

Wal-Mart (WMT) Stock Up, Price Target Increased at Deutsche Bank

NEW YORK (TheStreet) -- Shares of Wal-Mart Stores (WMT) are up 1.25% to $65.75 early Monday afternoon as Deutsche Bank increased its price target to $64 from $62 and reiterated its "hold" rating.

Although Wal-Mart is estimated to report year-over-year "modest downside" for its 2016 first quarter, "we expect any shortfall to be made up through SG&A (selling, general and administrative expenses)," Deutsche Bank analysts said in an investor note.

Shares of many retail store giants such as Macy's (M) took a hard hit last week due to competition from Amazon.com (AMZN).

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