UPDATE: Wal-Mart Loses Competitive Pricing Advantage, Wolfe Downgrades

In a report published Thursday, Wolfe Research analyst Scott Mushkin downgraded Wal-Mart (NYSE: WMT ) from Peerperform to Underperform. Mushkin noted that Wal-Mart is losing its competitive low-price edge in the United States. The analyst commented that by losing this edge, the company may lose their main traffic driver. Wal-Mart will