Goldman Cuts Wal-Mart Rating

TSC Staff

Jan 8, 2007 8:42 AM EST

Wal-Mart ( WMT) saw its shares drop Monday after Goldman Sachs lowered its opinion of the retailer.

Goldman downgraded Wal-Mart to neutral from buy and removed the stock from its conviction buy list.

Shares of Wal-Mart were off 1.2% at $46.80 in early trading.

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