UPDATE: Stifel Nicolaus Downgrades Wal-Mart to Hold, Removes $83.00 PT

Wal-Mart (NYSE: WMT ) was downgraded from Buy to Hold by Stifel Nicolaus Friday morning. The firm removed the $83 price target. David A. Schick, analyst at Stifel, said, “strategic risk (pricing), political risks (wages and FCPA), growing macro pressures, ramping investments, and slowing dividends” offset “significant investments in