Investing

Citigroup Downgrades Wal-Mart (WMT) On EFCA/Card Check Concerns

Citigroup downgrades Wal-Mart (NYSE: WMT) from Buy to Hold, saying concerns about the expected introduction of EFCA/card check legislation, which simplifies union formation, limits the upside for the stock.
 
The analyst said, “George Miller (D-CA) is expected to introduce EFCA/card check legislation into the House of Representatives as early as Tue., 3/10 …”

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