Goldman Sachs Dumps Wal-Mart From Conviction Buy List (WMT)

Wal-Mart Stores (NYSE: WMT) is indicated lower after Goldman Sachs? removed the world’s largest retailer from the Conviction Buy List.? Goldman still has a “Buy” rating on the stock.? The concern that the firm may need to raise guidance after its latest sales data was an issue Goldman noted.? The target in the note is $55.00.? It is still way too early to have an accurate read on where Wal-Mart will open, but shares look down close to 2% at $48.10 in very early indications.? Its 52-week range is $46.25 to $63.85.