Analysts have been eager to weigh in on the Services sector with new ratings on Wal-Mart Stores Inc (NYSE:WMT) and Zoe’s Kitchen (NYSE:ZOES).
Wal-Mart Stores Inc (WMT)
In a report issued on August 16, Peter Benedict from Robert W. Baird reiterated a Buy rating on Wal-Mart Stores Inc, with a price target of $110. The company’s shares closed yesterday at $97.85.
According to TipRanks.com, Benedict is a 5-star analyst with an average return of 13.0% and a 77.5% success rate. Benedict covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Dick’s Sporting Goods, and Tractor Supply.
Currently, the analyst consensus on Wal-Mart Stores Inc is a Moderate Buy with an average price target of $105.13, which is a 7.4% upside from current levels. In a report issued on August 16, Guggenheim also maintained a Buy rating on the stock with a $110 price target.
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Zoe’s Kitchen (ZOES)
Robert W. Baird analyst David Tarantino reiterated a Hold rating on Zoe’s Kitchen yesterday and set a price target of $13. The company’s shares closed yesterday at $12.74.
According to TipRanks.com, Tarantino is a 4-star analyst with an average return of 6.4% and a 62.1% success rate. Tarantino covers the Services sector, focusing on stocks such as Cheesecake Factory, Habit Restaurants, and BJ’s Restaurants.
The word on The Street in general, suggests a Hold analyst consensus rating for Zoe’s Kitchen with a $12.38 average price target, which is a -2.8% downside from current levels. In a report released yesterday, Jefferies also downgraded the stock to Hold with a $12.75 price target.
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