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UPDATE: Morgan Stanley Reiterates On Lowe's Companies As Most Roads Lead To Upside

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In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Lowe's Companies (NYSE: LOW), and raised the price target from $64.00 to $71.00.

In the report, Morgan Stanley noted, “LOW will likely stick to its 2015 EBIT margin goal of 9.7% and lay out new 3-year financial targets. Even if 9.7% is not realized next year (theStreet is at 9.3%), annual EPS growth should be high-teens+ for the forseeable future, implying a still solid risk/reward.”

Lowe's Companies closed on Friday at $64.86.

Latest Ratings for LOW

DateFirmActionFromTo
Oct 2019UpgradesNeutralOverweight
Oct 2019DowngradesOutperformMarket Perform
Sep 2019MaintainsOutperform

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Simeon GutmanAnalyst Color Price Target Analyst Ratings

 

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