Market Overview

UPDATE: Oppenheimer Upgrades Lowe's

Share:
Related LOW
How To Build A Plan For Trading Home Depot And Lowe's Ahead Of Earnings
Baird Says 'Stay Long' Home Depot And Lowe's Ahead Of Q4 Results
River Wealth Advisors LLC Buys Vanguard Short-Termorate Bond ETF, Vanguard Total Bond Market, ... (GuruFocus)

On Friday, Oppenheimer upgraded Lowe's (NYSE: LOW) from Perform to Outperform and raised the price target from $50 to $57.

Rupesh Parikh, analyst at Oppenheimer, said “sales trends tick higher as unusually harsh winter gives way to more favorable spring conditions,” but the optimism on Lowe's should be viewed as “shorter term in nature” by investors.

Overall, the analyst views the home improvement space as a “bright spot” in an otherwise potentially fading Hardline space.

Shares of Lowe's are up 1.4 percent to $49.39 on Friday.

Latest Ratings for LOW

DateFirmActionFromTo
Feb 2017BernsteinInitiates Coverage OnUnderperform
Dec 2016CitigroupDowngradesBuyNeutral
Nov 2016Telsey Advisory GroupDowngradesOutperformMarket Perform

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Oppenheimer Rupesh ParikhAnalyst Color News Analyst Ratings

 

Related Articles (LOW)

View Comments and Join the Discussion!