ISI Maintains Hold on Lowe's Companies

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