Barron's Says Lowe's Could Climb 30% This Year (LOW)
3/15/2010-Barron's reported Monday that Lowe's Cos. (NYSE: LOW) should benefit further from stabilizing housing prices, higher lumber prices and slowly rising consumer confidence.
Oppenheimer analyst Brian Nagel said the retailer could experience "significant acceleration in coming sales growth" this year.
Nagel recently raised his price target for Lowe's to $32, about 30% higher than its current $24.50.
Write to Chip Brian at cbrian@tradethetrend.com
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