Wal-Mart Stores Inc. (NYSE:WMT) In Huge South America Expansion Push

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Wal-Mart Stores Inc. (NYSE:WMT) has decided to invest $759 million in Brazil. Wal-Mart Stores Inc. (NYSE:WMT) In Huge South America Expansion Push Wal-Mart Stores Inc. (NYSE:WMT), the world's largest retailer, has plans to invest $759 million in Brazil this year, as foreign companies seek to benefit from the expansion of Latin America's largest economy. The 2011 investment plan is consistent with Wal-Mart Stores Inc. (NYSE:WMT)'s investments in Brazil in recent years. The company has invested an average of BRL1.2 billion per year since 2006. Marcos Samaha, the Chief Executive Officer of Wal-Mart Stores Inc. (NYSE:WMT) Brazil said that, “Our investment plan goes in line with the social and economic development plan of this country." Wal-Mart Stores Inc. (NYSE:WMT) shares were at 55.46 at the end of the last day’s trading. There’s been a -1.8% movement in the stock price over the past 3 months. Wal-Mart Stores Inc. (NYSE:WMT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.88 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.56 Zack’s Rank: 6 out of 17 in the industry