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Stock impact report

Erste Group Downgrades Walmart (WMT) to Hold from Buy; FTC Settlement Adds Pressure [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
Erste Group Downgrades Walmart (WMT) to Hold from Buy; FTC Settlement Adds Pressure Niloo / Shutterstock.com On March 5, Erste Group downgraded Walmart Inc. (NASDAQ:WMT) to Hold from Buy. Earlier, on February 26, Reuters reported that Walmart agreed to pay $100 million to settle charges related to earnings for delivery drivers. The US Federal Trade Commission said the company's actions caused drivers to lose tens of millions of dollars. The FTC, along with 11 states, filed a complaint alleging that Walmart misled both customers and drivers. According to the agency, the company claimed that all customer tips would go directly to drivers. It also displayed inflated base pay and tip amounts to drivers participating in its Spark Driver delivery program. The FTC said the settlement not only includes the $100M payment but also places restrictions on the company going forward. Under the agreement, Walmart cannot misrepresent potential earnings in delivery offers made to Spark driver Show less Read more
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