UPDATE: J.P. Morgan Reiterates Neutral on Wal-Mart After Earnings Report

In a report published Thursday, J.P. Morgan analyst Christopher Horvers reiterated a Neutral rating on Wal-Mart Stores (NYSE: WMT ) and maintained its price target of $82.00. In the report, J.P. Morgan says "Traffic at the core U.S. business improved 10 bps sequentially to down 0.4%, contributing to WMT U.S.