Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Lowe's Companies

Share:
Related LOW
Lowe's Shares Edge Higher As Bank Of America Adds Stock To 'US1' List
Despite Disappointing Q2 Results, BMO Maintains Outperform On Lowe's
Williams-Sonoma's Valuation Seems Pretty Justified (Seeking Alpha)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Lowe's Companies (NYSE: LOW), and raised its price target from $25.00 to $29.00.

Jefferies noted, “While we are maintaining our Hold ratings on HD and LOW ahead of 3Q earnings, we still prefer Home Depot to Lowe's despite the 10% P/E valuation gap that exists. We are raising estimates on HD and maintaining LOW.”

Lowe's Companies closed on Thursday at $32.10.

Latest Ratings for LOW

DateFirmActionFromTo
Aug 2016BMO CapitalMaintainsOutperform
Aug 2016Stifel NicolausAssumesBuy
Jun 2016Morgan StanleyMaintainsOverweight

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (LOW)

View Comments and Join the Discussion!