Are Analysts Turning Bearish On Retail After Wal-Mart Lowered Outlook?

Last week, Wal-Mart Stores, Inc. lost an unprecedented amount of value during the week of October 16, 2015, where the stock dropped nearly -12% on the week.  After losing over 10% during the Wednesday trading session, it marked the worst single day decline for Wal-Mart shares in 27 years. The drop came after Wal-Mart announced that earnings for its fiscal 2017 earnings, which end in January, are expected to drop between -6% and -12%.  This was way off of analysts’ estimates, which were calling for earnings increase of 4%.  Shares of Wal-Mart are currently down -31.50% year to date. BMO…