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LOW

Lowe's

$101.88 /

+1.76 (+1.76%)

08:29
03/19/19
03/19
08:29
03/19/19
08:29

Morgan Stanley gaining confidence in Lowe's margin improvement path

Morgan Stanley analyst Simeon Gutman said his Lowe's store checks point to multiple positive changes and that his conversations with CEO Marvin Ellison and CFO David Denton reaffirm the store-level improvements he has observed, leading him to gain confidence in the company's path to higher margins. Though he said "turnarounds are never easy," Gutman believes Lowe's seems to have a reasonable amount of "low hanging fruit." He maintains an Overweight rating and $115 price target on Lowe's shares.

  • 22

    May

LOW Lowe's
$101.88 /

+1.76 (+1.76%)

03/15/19 UBS
Lowe's financial progress to accelerate beyond 2019, says UBS
02/28/19 Wells Fargo
Lowe's price target raised to $120 from $110 at Wells Fargo
02/28/19 Wedbush
Lowe's price target raised to $110 from $95 at Wedbush
02/28/19 KeyBanc
Lowe's price target raised to $120 form $115 at KeyBanc

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