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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 08:20 EDT
Baird analyst Peter Benedict said the weaker than expected comps from Lowe's was due to its lack of digital contribution which should improve in the second half of the year. The analyst said he would be a buyer of the shares on its weakness as he believes several incremental initiatives are on tap to drive comps, improve service labels, and enhance productivity. Benedict reiterated his Outperform rating and $145 price target on Lowe's shares.