Broker Name Analyst
ARGUS RESEARCH COMPANY CHRIS GRAJA
BANK OF AMERICA MERRILL LYNCH ROBERT F. OHMES
BARCLAYSMATTHEW MCCLINTOCK
BMO CAPITAL MARKETS-US WAYNE L. HOOD
BUCKHINGAM RESEARCH GROUP JOHN ZOLIDIS
CITIKATE MCSHANE
CLEVELAND RESEARCH COMPANY SCOTT BENDER
COWEN AND COMPANY OLIVER CHEN
CREDIT SUISSE - NORTH AMERICA EDWARD KELLY
DAIWA CAPITAL MARKETS KAHORI TAMADA
DEUTSCHE BANK PAUL TRUSSELL
GILLIAM & CO. MAGGIE GILLIAM
GOLDMAN SACHS MATTHEW FASSLER
ISI GROUP GREG MELICH
ITG INVESTMENT RESEARCH JOHN TOMLINSON
J.P.MORGAN CHRISTOPHER HORVERS
JEFFERIES & CO. DANIEL T. BINDER
MACQUARIE CAPITALBOB SUMMERS
MKM PARTNERS PATRICK MCKEEVER
MORGAN STANLEY SIMEON GUTMAN
MORNINGSTAR KENNETH PERKINS
NOMURA BOB DRBUL
NORTHCOAST RESEARCH CHUCK CERANKOSKY
RAYMOND JAMES BUDD BUGATCH
RBC CAPITAL MARKETS SCOT CICARELLI
ROBERT W. BAIRD & CO. PETER BENEDICT
STEPHENS, INC. BEN BIENVENU
CRT CAPITAL GROUP RENATO BASANTA
STIFEL NICOLAUS DAVID SCHICK
TELSEY ADVISORY GROUP JOE FELDMAN
TIBURON RESEARCH GROUP ROBERT WILSON
UBS MICHAEL LASSER
WELLS FARGO MATT NEMER
WOLFE RESEARCH SCOTT MUSHKIN

Walmart is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Walmart's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Walmart or its management. Walmart does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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