Jefferies Raises Lowe's PT To $30 (LOW)

Jefferies raised its Lowe's LOW price target from $26 to $30 in a research report published today. In the report, Jefferies states, "LOW shares could pause near term after a recent run up, but management remains intensely focused on improving close rates, sales productivity, profitability and returns, while returning free cash to shareholder through dividends and buybacks. As a result this stock should trade at a premium to the hardline group." Shares of Lowe's were trading at $25.66 in pre-market trading at the time of posting, down 0.27% from Wednesday's market close.