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Be careful with Walmart after Target’s slower holiday

A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey.

Eduardo Munoz | Reuters

If Target had a tough holiday shopping season, its likely Walmart did, too, according to Morgan Stanley.

The firm lowered its same-store sales estimates for Walmart’s fourth quarter to 2% from 2.5%, after Target’s disappointing holiday sales results.

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