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LOW

Lowe's

$108.00

9.96 (10.16%)

08:04
08/22/19
08/22
08:04
08/22/19
08:04

Lowe's price target raised to $115 from $105 at Wedbush

Wedbush analyst Seth Basham raised his price target for Lowe's to $115 from $105 after the company delivered Q2 results that beat expectations on the top- and bottom-lines, indicating progress on improving retail fundamentals under CEO Marvin Ellison. While Basham acknowledges that the renewed momentum is promising, he cautions that retail turnarounds rarely follow a straight line, and the short-term move of rapidly increasing inventory to the benefit of sales and margins needs be monitored. He reiterates a Neutral rating on the shares.

  • 25

    Sep

  • 20

    Nov

LOW Lowe's
$108.00

9.96 (10.16%)

07/11/19
07/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Microsoft (MSFT) initiated with an Outperform at Cowen. 2. Petrobras (PBR) initiated with a Buy at Goldman Sachs. 3. Navidea (NAVB) initiated with a Buy at Maxim. 4. Immunic (IMUX) initiated with a Buy at Chardan. 5. Target (TGT) was initiated with a Conviction Buy at Goldman Sachs, while Walmart (WMT), Home Depot (HD), Lowe's (LOW), and Costco (COST) were initiated with a Buy, and Bed Bath & Beyond (BBBY) was initiated with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/12/19
STFL
08/12/19
NO CHANGE
Target $230
STFL
Buy
Home Depot price target raised to $230 ahead of earnings at Stifel
Stifel analyst John Baugh lowered his comp and EPS estimates slightly for Home Depot ahead of its report of second quarter results on August 20, citing adverse weather, delayed recovery in housing activity, commodity lumber deflation and weak home improvement spending. However, Home Depot shares are essentially at his previous price target of $210 and "faced with the question of changing a rating versus increasing the target price," he decided on raising his price target to $230 and keeps a Buy rating on the stock as Home Depot. The stock provides a safe dividend and he feels investors looking for a retail name will want to invest in Home Depot based on its management team, market leadership position and U.S. focused sales, Baugh stated. His Q2 comp growth estimate is now 20 basis points lower for Home Depot at 2.8%, but his 2.0% comp growth estimate for Lowe's is unchanged, Baugh noted.
08/21/19
BARD
08/21/19
NO CHANGE
Target $127
BARD
Outperform
Lowe's earnings beat should drive shares higher, says Baird
Baird analyst Peter Benedict said Lowe's Q2 results were encouraging as they were led by better than expected gross margins. The analyst said the print should drive shares as he noted comp momentum continues to showcase early traction in engaging customers. He also noted the company reaffirmed its guidance as their are opportunities to improve execution across multiple areas of the business. Benedict reiterated his Outperform rating and $127 price target on Lowe's shares.
08/22/19
KEYB
08/22/19
NO CHANGE
Target $125
KEYB
Overweight
Lowe's price target raised to $125 from $120 at KeyBanc
KeyBanc analyst Bradley Thomas raised his price target for Lowe's to $125 from $120 as Q2 sales and EPS were better than expected, demonstrating improvement in gross margin issues faced in Q1 while building new momentum in its "turnaround" under new management. The analyst believes Lowe's remains a self-help story, under the leadership of new CEO Marvin Ellison, and he looks for numerous initiatives to ramp through 2020. Thomas reiterates an Overweight rating on the shares.

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