ISI Maintains Hold on Lowe's Companies

ISI is out with its report today on Lowe's Companies

, maintaining Hold. In its report, ISI writes, "The bad news is that comps and gross margin came in weaker than expected and full year guidance was lowered; the good news is that LOW began to shutter underperforming stores and completed the full-year $2.4B authorization in just two quarters." At the time of posting, shares of LOW were trading pre-market at $19.01, down 2.56% from Friday's close.