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Fly News Breaks for February 26, 2020
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
May 20, 2022 | 06:21 EDT
Citi analyst Steven Zaccone raised the firm's price target on Home Depot to $348 from $327 and keeps a Buy rating on the shares. The analyst increased fiscal 2022 earnings estimates post this week's results.
May 19, 2022 | 08:56 EDT
Truist analyst Scot Ciccarelli lowered the firm's price target on Lowe's to $237 from $283 but keeps a Buy rating on the shares. Despite negative comps due to tough comparisons and challenging weather, the company's earnings came in meaningfully above expectations due to productivity initiatives and margin expansion, the analyst tells investors in a research note. Ciccarelli adds that Lowe's sales remain robust and accelerated in seasonal categories as the weather has improved.