Deutsche Bank has published a research report on Lowe's Companies LOW.
In the report, Deutsche Bank writes "We recently hosted meetings with Lowe's management team. Our overall thesis remains the same, namely that LOW has seen the bottom on comp and operating margin trends, and that current earnings are suppressed relative to longer-term earnings power."
"With housing and consumer datapoints appearing to remain soft but stable, we believe LOW's business is tracking in a similar fashion. This leaves us comfortable with Lowe's 1%-3% comp guidance for the quarter."
Deutsche Bank maintains its Buy rating and $27 price target.
Lowe's Companies closed yesterday at $22.19.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsConsumer DiscretionaryHome Improvement Retaillowe's. deutsche bank
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in