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