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Fly News Breaks for February 26, 2020
HD, LOW
Feb 26, 2020 | 15:16 EDT
Baird analyst Peter Benedict maintained an Outperform rating and $145 price target on Lowe's (LOW) following the company's Q4 earnings report. The analyst said that Lowe's 2.6% U.S. comp was "disappointing" compared to Home Depot's (HD) 5.3%, but said that much of that is due to Lowe's lack of digital contribution, which he believes should improve in the second half of the year. Benedict feels the company's transition remains on track, citing "several incremental initiatives on tap to drive comps, improve service levels, and enhance productivity," and would be a buyer on the stock's pullback.
News For LOW;HD From the Last 2 Days
LOW
Apr 14, 2021 | 10:14 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY ALPHABET, SNAP:... To see the rest of the story go to thefly.com. See Story Here
LOW
Apr 14, 2021 | 09:57 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) upgraded to Market Perform from Underperform at Raymond James with analyst Justin Jenkins saying with the recent downdraft in the stock, it is the right time to get less negative in his for Exxon Mobil. 2. JetBlue (JBLU) and Spirit Airlines (SAVE) double upgraded to Overweight from Underweight with Southwest (LUV) upgraded to Neutral from Underweight at JPMorgan. 3. Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities with analyst Sam Hudson saying with the market now starting to look beyond tough FY21 compares, the hardline retail sector's position as a "structural Covid-19 winner is beginning to be appreciated." 4. Yum! Brands (YUM) upgraded to Buy from Hold at Argus with analyst John Staszak saying he is positive on the company's diverse brands, prospects for higher same-store sales, global operations, and asset-light business model. 5. Apollo Global (APO) upgraded to Outperform from Perform at Oppenheimer with analyst Chris Kotowski arguing that "if Athene is worth book," Apollo is a strong buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HD
Apr 14, 2021 | 08:23 EDT
UBS analyst Michael Lasser raised the firm's price target on Home Depot to $350 from $305 and keeps a Buy rating on the shares. The analyst is citing his discussions with the company management indicating that the retailer is "operating at a high level" while also executing on its plan to be even better positioned in the future. One Home Depot strategy of investing in its stores, supply chain, and omni-channel is producing "steady returns", the analyst tells investors in a research note, adding that Home Depot believes it gained $10B of incremental sales as a result of these initiatives.
LOW
Apr 14, 2021 | 05:09 EDT
Atlantic Equities analyst Sam Hudson upgraded Lowe's to Overweight from Neutral with a $240 price target.