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Fly News Breaks for May 24, 2018
LOW
May 24, 2018 | 06:57 EDT
Barclays analyst Matthew McClintock remains bullish on shares of Lowe's saying both the short-term and long-term outlooks appear well positioned for outperformance. He keeps an Overweight rating on the stock with a $120 price target following yesterday's Q1 results. The "worst" appears behind the company for the year while a new, well-respected CEO creates a catalyst, McClintock tells investors in a post-earnings research note titled "Buying LOW on the Lows." He believes the valuation "remains exceptionally appealing."
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