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

In a report published Tuesday, Deutsche Bank reiterated Lowe's

with a Buy rating and raised 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.