Market Overview

UPDATE: Bank of America Reiterates Buy Rating on Lowe's, Factors In Stronger Comps

Share:
Related LOW
Home Depot And Lowe's Companies May Be Reaping Benefits Of Lumber Liquidators Woes
Lowe's Companies: A Case Of Sell The News
Why Isn't Abercrombie Cool Anymore? (Podcast) (Seeking Alpha)

In a report published Tuesday, Bank of America reiterated its Buy rating on Lowe's (NYSE: LOW) with a $43.00 price target.

Bank of America reported that, “LOW's 4Q EPS of $0.26 was broadly in line with our above-market forecast of $0.28 (vs consensus of $0.23) after accounting for a week shift which negatively impacted sales by $0.02. Comps of 1.9% (vs 0.5% LY) were slightly below our forecast of 3%, on a less-than-expected benefit from Hurricane Sandy given the late passage of the Sandy Bill in January. Ticket again drove comps."

Lowe's closed at $35.86 on Monday.

Latest Ratings for LOW

DateFirmActionFromTo
Feb 2015CitigroupMaintainsNeutral
Feb 2015NomuraMaintainsNeutral
Feb 2015JefferiesMaintainsHold

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LOW)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→