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LOW

Lowe's

$71.00

0.25 (0.35%)

06:24
10/17/16
10/17
06:24
10/17/16
06:24

Lowe's downgraded to Buy from Conviction Buy at Goldman

Goldman analyst Matthew Fassler removed Lowe's from the Conviction Buy List due to slowing growth in existing home sales. Fassler said the home improvement retail sector is closely tied to housing turnover and home improvement sales are also approaching normalized levels. The analyst lowered estimates for Lowe's and reduced its price target to $86 from $95 to reflect more subdued demand growth and maintains its Buy rating to reflect appealing valuation relative to earnings growth.

LOW Lowe's
$71.00

0.25 (0.35%)

09/19/16
BARD
09/19/16
NO CHANGE
Target $88
BARD
Outperform
Lowe's risk/reward remains attractive, says Baird
Baird analyst Peter Benedict said the recent pullback in Lowe's shares is an attractive buying opportunity. The analyst cited macro drivers, consistency around key operating initiatives, and a durable financial model capable of delivering high-teens earnings growth over the next few years. Benedict reiterated his Outperform rating and $88 price target on Lowe's shares.
10/06/16
CLVD
10/06/16
DOWNGRADE
CLVD
Neutral
Lowe's downgraded to Neutral from Buy at Cleveland Research
10/06/16
10/06/16
DOWNGRADE

Neutral
Lowe's downgraded on end market demand, execution at Cleveland Research
As previously reported, Cleveland Research downgraded Lowe's to Neutral from Buy. Analyst led by Eric Bosshard's work suggest a moderation in demand in the building product categories generally and in homecenter categories over the last 4-5 months. He sees Lowe's struggling to sustain the upside execution needed to post growth ahead of Street expectations and has concerns with diversification efforts and would prefer the company focus on improving execution in its core US business.
10/06/16
10/06/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he sees incremental risk to Tesla's business related to management's willingness to deploy capital for M&A, and he believes that any delay in the company's new Model 3 launch will be detrimental to shares. 2. JPMorgan (JPM) downgraded to Hold from Buy at Sandler O'Neill with analyst Jeffery Harte citing relative share outperformance. 3. Abercrombie & Fitch (ANF) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jessica Schmidt saying the elevated promotions add to other headwinds, including the fact that the teen space is "overstored" and faces soft consumer demand and weak tourism. 4. American Express (AXP) downgraded to Reduce from Neutral at Nomura with analyst Bill Carcache saying the combination of weaker than expected revenues and higher than expected expenses will weigh on the shares. 5. Lowe's (LOW) downgraded to Neutral from Buy at Cleveland Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

V

Visa

$102.90

-2.665 (-2.52%)

14:50
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Options
Bullish option play opened in Visa as shares slump »

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  • 22

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RHT

Red Hat

$105.41

-0.89 (-0.84%)

14:49
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Red Hat options imply 10.7% move in share price post-earnings, above median historical move »

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  • 25

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APRN

Blue Apron

$5.47

0.28 (5.40%)

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Blue Apron call volume above normal and directionally bullish »

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TRIP

TripAdvisor

$44.37

0.125 (0.28%)

, PCLN

Priceline

$1,862.13

-4.22 (-0.23%)

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TRIP

TripAdvisor

$44.37

0.125 (0.28%)

PCLN

Priceline

$1,862.13

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TRVG

trivago

$10.70

-0.04 (-0.37%)

EXPE

Expedia

$145.77

2.65 (1.85%)

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DY

Dycom

$81.51

-1.185 (-1.43%)

14:36
09/25/17
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Conference/Events
Dycom management to meet with Stephens »

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  • 26

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DY

Dycom

$81.56

-1.13 (-1.37%)

14:35
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Dycom put volume heavy and directionally bearish »

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  • 26

    Sep

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

14:31
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Technical Analysis
Technical View: Amazon.com falls, topping process confirmed »

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  • 03

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DIS

Disney

$99.37

0.77 (0.78%)

14:27
09/25/17
09/25
14:27
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Recommendations
Disney analyst commentary  »

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  • 09

    Nov

ESV

Ensco

$5.77

0.53 (10.11%)

14:25
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Options
Ensco call volume above normal and directionally bullish »

Bullish option flow…

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  • 02

    Oct

  • 05

    Oct

NFLX

Netflix

$187.35

-1.43 (-0.76%)

14:21
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Technical Analysis
Technical View: Netflix trades near lows of the day »

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  • 02

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$NSD

NASDAQ Market Internals

14:17
09/25/17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

14:16
09/25/17
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Technical Analysis
NYSE market internals summary »

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GREK

Global X MSCI Greece ETF

$9.18

-0.635 (-6.47%)

14:10
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Options
MSCI Greek Fund puts are active as shares falter »

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AMD

AMD

$13.30

-0.11 (-0.82%)

, NVDA

Nvidia

$179.00

-1.76 (-0.97%)

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Hot Stocks
AMD, NVIDIA fall after Intel unveils next generation of core processors »

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AMD

AMD

$13.30

-0.11 (-0.82%)

NVDA

Nvidia

$179.00

-1.76 (-0.97%)

INTC

Intel

$37.18

-0.02 (-0.05%)

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  • 05

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HLF

Herbalife

$67.51

-0.06 (-0.09%)

14:06
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YY

YY

$80.52

4.45 (5.85%)

14:05
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YY call volume above normal and directionally bullish »

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14:05
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General news
Treasury Option Action: heavy put spread demand at the short-end »

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RCII

Rent-A-Center

$10.80

-0.07 (-0.64%)

13:55
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Rent A Center put volume heavy and directionally bearish »

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13:55
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Conference/Events
Senate Finance Committee holds a hearing »

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GS

Goldman Sachs

$230.10

-0.93 (-0.40%)

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Periodicals
Symphony to raise $100M to expand, The Information says »

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  • 02

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AMDA

Amedica

$0.33

0.005 (1.56%)

13:50
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Downgrade
Amedica rating change  »

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  • 26

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SCWX

SecureWorks

$12.57

0.15 (1.21%)

13:47
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Breaking Hot Stocks news story on SecureWorks »

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DVN

Devon Energy

$36.59

0.81 (2.26%)

13:45
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Options
Devon Energy call volume above normal and directionally bullish »

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  • 01

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General news
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ADP

ADP

$108.16

1.37 (1.28%)

13:43
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