LOW Benefiting From Economic Stabilization And Recovery In Housing

Analysts at Piper Jaffray maintain their "neutral" rating on Lowe's Companies Inc LOW. The target price for LOW is set to $27. LOW is scheduled to post its Q1 earnings on May 17. LOW is benefiting “from some signs of a housing recovery and economic stabilization in the US economy.” The analysts had raised their EPS estimate in March/early April due to “warmer than average weather.” According to the analysts, “better than average weather and moisture conditions were a benefit to Q1 sales and further believe that recovery in the housing market and stabilizing economic indicators will lead to an improved 2H 2010.” More Analyst Ratings here