Market Overview

UPDATE: Deutsche Bank Raises PT on Lowe's after 4Q Results

Related LOW
Oppenheimer: Prospects Still Bright For The Home Depot, Inc. And Lowe's Companies, Inc.
Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
Jackson Hole, Data Deluge on Tap Next Week (Fox Business)

In a report published Tuesday, Deutsche Bank reiterated Lowe's (NYSE: LOW) with a Buy rating and raises price target from $39.00 to $41.00.

Deutsche Bank reported, “We are tweaking our FY13 and FY14 EPS estimates to $2.15 and $2.54 from $2.17 and $2.56 and see long term earnings power of about $3.50. This equates to long term EPS growth of 18%, 8% from EBIT and the rest from buybacks. Our 2013 estimate is ahead of guidance, which we view as beatable. Our new price target is $41, based on a 16x P/E on our FY14 estimate. The biggest risk in our view is weakening housing markets, as well as a reduction in the benefit of company specific comp initiatives.”

Lowe's shares closed at $35.86 on Monday.

Latest Ratings for LOW

DateFirmActionFromTo
Sep 2014OppenheimerMaintainsOutperform
Aug 2014Deutsche BankMaintainsBuy
Aug 2014JefferiesMaintainsHold

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (LOW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters