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.

JON C. OGG

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