Pro Analysis

Wall Street yawns at potential Wal-Mart-Jet deal

A Walmart employee, right, takes payment from a customer who checks-out at a Walmart store on February 19, 2015 in Miami.
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A Walmart employee, right, takes payment from a customer who checks-out at a Walmart store on February 19, 2015 in Miami.

Cowen told investors a potential Wal-Mart acquisition of Jet.com could significantly boost the retailer's e-commerce efforts, but not enough to raise its market perform rating on the stock.

Cowen was one of three firms that updated investors after the report of the potential deal. Yet none of the firms upgraded the stock to buy on the news. Seventy-three percent of Wall Street analysts have a hold rating on Wal-Mart, according to FactSet, a surprisingly lack of buy ratings for a blue- chip stock.