Goldman Sachs analyst Kate McShane added Lowe's to her firm's Americas Conviction List while maintaining a Buy rating on the shares. The analyst also raised her price target for the shares to $135 from $123. The retailer's Q3 results represented a positive step in rebuilding investor confidence around its execution capabilities and transformation strategy, McShane tells investors in a post-earnings research note. Lowe's reported another quarter of sequential gross margin improvement, raised full-year earnings guidance, and remains confident that strategic initiatives can help drive a comp acceleration in Q4, says the analyst. She believes the company remains in the early days of its transformation and sees See potential upside to comp and margin improvement in 2020.