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Fly News Breaks for May 24, 2018
LOW
May 24, 2018 | 08:41 EDT
Morgan Stanley analyst Simeon Gutman said "lackluster" Q1 results from Lowe's aren't the bullish "all-clear" signal some hoped for, but he also noted that U.S. comp growth of 0.5% was better than feared and gross margin expansion of 23 bps "looks decent on the surface." To buy the stock here, he thinks a buyer has to be comfortable any EPS revision from new management would not be worse than 10%, which he sees being the case. Gutman maintains his Overweight rating and $115 price target on Lowe's shares.
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.
