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LOW

Lowe's

$99.97

1.1 (1.11%)

, CP

Canadian Pacific

$203.14

-0.07 (-0.03%)

19:14
08/09/18
08/09
19:14
08/09/18
19:14

Ackman sees significant upside for Lowe's under new CEO, Bloomberg says

Pershing Square's Bill Ackman said he sees significant upside for Lowe's (LOW), much like he did nearly seven years ago with Canadian Pacific (CP), which ended up being one of his most successful investments, Bloomberg reports. Ackman said he sees great opportunities for Lowe's under new CEO Marvin Ellison, noting that he expects the CEO to detail his plans for revamping the retailer in December at the company's analyst day, the report says. "Mr. Ellison is off to a fast start assembling a new senior executive team to organize the Lowe's turnaround," Ackman said. "We look forward to watching him perform." Reference Link

LOW

Lowe's

$99.97

1.1 (1.11%)

CP

Canadian Pacific

$203.14

-0.07 (-0.03%)

  • 22

    Aug

LOW Lowe's
$99.97

1.1 (1.11%)

07/18/18
LOOP
07/18/18
NO CHANGE
Target $115
LOOP
Buy
Lowe's price target raised to $115 from $107 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Lowe's (LOW) to $115 and kept her Buy rating, citing a deeper discounted cash flow model analysis. The analyst also points to the management changes made by the new CEO Marvin Ellison that will transform the company to look like the more efficient competitor Home Depot (HD), while noting the positive macro backdrop of "healthy" home improvement sector with continued ticket growth. Champine adds that the Q1 earnings miss was a factor of adverse weather and will likely be reversed in Q2, and also sees Lowe's stock as attractively valued at 18-times her expected FY18 EPS estimate.
07/24/18
KEYB
07/24/18
NO CHANGE
Target $115
KEYB
Overweight
Lowe's price target raised to $115 from $105 at KeyBanc
KeyBanc analyst Bradley Thomas raised his price target for Lowe's to $115 from $105 as he continues to view it as a company with a favorable backdrop that is also positioned for improved execution, following Marvin Ellison joining as president and CEO on July 2. The analyst believes Q2 results for Lowe's remain on plan, but notes the stock seems to be looking ahead to 2019 and the impact Ellison can make on the business. He reiterates an Overweight rating on the shares.
07/25/18
DBAB
07/25/18
NO CHANGE
DBAB
Deutsche Bank sees risk to Home Depot's and Lowe's Q2 comps
The most recent retail sales industry data suggest that Q2 consensus expectations for Home Depot (HD) and Lowe's (LOW) could be at risk, Deutsche Bank analyst Mike Baker told investors in a research note earlier today. The analyst, however, believes "strong" strong May trends for both companies "provide a bit of a cushion." While earnings reports from Stanley Black & Decker (SWK) and Sherwin-Williams (SHW) provide positive read throughs for the home centers, Whirlpool (WHR) was less encouraging, Baker wrote. The analyst lowered his comp estimates for both Home Depot and Lowe's to below consensus ahead of the Q2 earnings reports. Shares of Home Deport are down 1% to $199.44 in morning trading while Lowe's is down 2% to $98.11.
07/27/18
BARD
07/27/18
NO CHANGE
BARD
GDP report included encouraging data for home improvement retailers, says Baird
Baird analyst Peter Benedict said that the Q2 GDP report included a few encouraging data points on housing that reinforced his positive near- and long-term view on Home Depot (HD) and Lowe's (LOW). Specifically, he points out that growth in private residential investment accelerated to 7.4%year-over-year. Benedict noted that changes in PRI and home center comps have a "strong historical correlation." He also noted that household formation accelerated to an annualized pace of 1.7M in Q2 from about a 1.2M rate in Q1. Benedict has Overweight ratings on both Home Depot and Lowe's.
CP Canadian Pacific
$203.14

-0.07 (-0.03%)

07/09/18
RAJA
07/09/18
UPGRADE
RAJA
Strong Buy
Canadian Pacific upgraded to Strong Buy following pullback at Raymond James
Raymond James analyst Steven Hansen upgraded Canadian Pacific to Strong Buy from Outperform and raised his price target to $C275 from $C260 citing the recent pullback in shares.
07/18/18
MSCO
07/18/18
NO CHANGE
Target $52
MSCO
Underweight
Morgan Stanley continues to see better risk-reward in rails other than CSX
Morgan Stanley analyst Ravi Shanker said CSX (CSX) is clearly taking advantage of the strong freight environment and its new management team is executing and delivering on their promises. However, he also thinks they are making up for lagging volumes with cost cutting and he believes railroads showing sustainable topline growth at good margins, such as Canadian National (CNI) and Canadian Pacific (CP), deserve to trade at a premium to railroads that are growing EPS primarily by cost cutting. Shanker, who continues to see "significantly better risk-reward" elsewhere in rails, keeps an Underweight rating on CSX and raised his price target on the shares to $52 from $49.
07/19/18
LOOP
07/19/18
NO CHANGE
LOOP
Buy
Canadian Pacific price target raised to CAD275 from CAD252 at Loop Capital
Loop Capital analyst Rick Paterson raised his price target on Canadian Pacific to CAD 275 after its "handy" Q2 earnings in spite of stoppage- related low expectations going into the result. The analyst also points to the management's "no excuses" attitude for the second half of 2018 and believes the company has a "clear pre-winter runway with presumably good volume and pricing growth". Paterson keeps his Buy rating on Canadian Pacific, stating his price target change is also driven by the "routine" quarterly roll forward of his earnings model.
07/19/18
FBCO
07/19/18
NO CHANGE
Target $216
FBCO
Outperform
Canadian Pacific price target raised to $216 from $210 at Credit Suisse
Credit Suisse analyst Allison Landry raised her price target for Canadian Pacific to $216 from $210 following quarterly results. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

ACIU

AC Immune

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OMI

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BKH

Black Hills

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EMR

Emerson

$62.30

-0.28 (-0.45%)

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ES

Eversource

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GOOG

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  • 03

    Mar

CS

Credit Suisse

$10.92

-0.09 (-0.82%)

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CS

Credit Suisse

$10.92

-0.09 (-0.82%)

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MAR

Marriott

$110.04

-0.78 (-0.70%)

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SIX

Six Flags

$58.40

-1.46 (-2.44%)

06:20
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GOOG

Alphabet

$1,051.82

11.8 (1.13%)

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Alphabet Class A

$1,061.32

8.52 (0.81%)

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  • 03

    Mar

BY

Byline Bancorp

$18.91

-0.32 (-1.66%)

06:18
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  • 12

    Dec

RY

Royal Bank of Canada

$69.76

-0.44 (-0.63%)

06:17
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  • 08

    Jan

CORT

Corcept Therapeutics

$17.16

4.18 (32.20%)

06:17
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LULU

Lululemon

$116.67

1.66 (1.44%)

06:17
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  • 14

    Dec

BBY

Best Buy

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Amazon.com

$1,643.50

3.13 (0.19%)

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$1,643.50

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KRYS

Krystal Biotech

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FOMX

Foamix

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NSANY

Nissan

$0.00

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, RNSDF

Renault

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  • 07

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BHC

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$23.09

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EADSY

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KEY

KeyCorp

$15.93

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  • 17

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SPX

S&P 500

$0.00

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, SPY

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PLAY

Dave & Buster's

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  • 14

    Dec

LLY

Eli Lilly

$114.49

0.38 (0.33%)

, ACIU

AC Immune

$11.58

0.63 (5.75%)

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