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Fly News Breaks for May 24, 2018
HD, LOW
May 24, 2018 | 09:40 EDT
SunTrust analyst Keith Hughes kept his Hold rating and $90 price target on Lowe's (LOW), saying the 10% stock rally on weak earnings yesterday was in response to results being "not as bad as anticipated" as well as the positive reaction to the appointment of new CEO Marvin Ellison based on his time at Home Depot (HD). Hughes adds that while the management continues to tout store execution and logistics, Q1 results showed little positive developments in the area. The analyst kept his Hold rating on Lowe's.
News For LOW;HD From the Last 2 Days
LOW
Apr 15, 2024 | 15:06 EDT
Bullish option flow detected in Lowe's with 4,454 calls trading, 1.4x expected, and implied vol increasing over 1 point to 25.60%. Apr-24 240 calls and Sep-24 230 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.46. Earnings are expected on May 21st.
HD
Apr 15, 2024 | 07:44 EDT
Meetings to be held in Atlanta April 15-16 hosted by Truist.
