UPDATE: Morgan Stanley Reiterates On Lowe's Companies As Most Roads Lead To Upside

In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on

, and raised the price target from $64.00 to $71.00. In the report, Morgan Stanley noted, “LOW will likely stick to its 2015 EBIT margin goal of 9.7% and lay out new 3-year financial targets. Even if 9.7% is not realized next year (theStreet is at 9.3%), annual EPS growth should be high-teens+ for the forseeable future, implying a still solid risk/reward.” Lowe's Companies closed on Friday at $64.86.