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

Loading...
Loading...
In a report published Tuesday, Bank of America reiterated its Buy rating on Lowe's
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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsBank of America
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...