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Fly News Breaks for October 17, 2016
LOW
Oct 17, 2016 | 06:24 EDT
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.
News For LOW 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.
