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Fly News Breaks for August 22, 2019
Aug 22, 2019 | 08:53 EDT
Loop Capital analyst Laura Champine raised her price target on Lowe's (LOW) to $105 after its "solid" Q2 results. The analyst also cites the company's management characterizing the home improvement market as "healthy", which is a better view than Home Depot's (HD) "stable" view. Champine raises her FY20 EPS view on Lowe's by 8c to $6.67 but keeps her Hold rating on the stock, saying it is reasonably priced at 17-times her expected earnings estimate.
News For LOW From the Last 2 Days
Sep 16, 2019 | 09:15 EDT
RBC Capital analyst Scot Ciccarelli raised his price target on Lowe's to $129 and kept his Outperform rating, saying that after "volatile, comedy-of-errors" Q1, its management appears to have addressed the company's major challenges. The analyst notes that the management continues to make the necessary improvements to generate sales activity in Lowe's Pro business, which he sees as "key" to its turnaround efforts. Based on the "stable" home improvement environment and the company's margin expansion potential, Ciccarelli is positive on Lowe's shares.