Home Improvement Retail

A report from Goldman Sachs upgrades its rating from Neutral to Buy and raises its price target to $19 on Lumber Liquidators (NYSE: LL). The report states, “We upgrade LL to Buy from Neutral, as the firm exits a period of severe business disruption associated with an SAP implementation, and...

Analysts at Jefferies & Company upgraded Dragonwave Inc (NASDAQ: DRWI) from “hold” to “buy.” DRWI's shares closed at $5.09 on Friday. Dragonwave's trailing-twelve-month revenue is $66.79 million. Analysts at Goldman Sachs upgraded Lumber Liquidators Holdings Inc (NYSE: LL) from “neutral” to “...

Goldman Sachs has upgraded Lumber Liquidators (NYSE: LL) from Neutral to Buy and has raised the price target to $19.

Goldman Sachs is out with its report today on Lumber Liquidators (NYSE: LL), raising its PT from $17 to $18. In its report, Goldman Sachs writes, "We are raising our forecast to bring our 4Q estimates into the firm's guidance zone, though we move toward the high end of the sales range but only the...

Piper Jaffray is out with its report today on Lumber Liquidators (NYSE: LL), lowering its PT from $19 to $18. In its report, Piper Jaffray writes, "We remain Neutral and we are lowering our price target slightly to $18 (from $19) on LL shares following Q3 results. While the company has several...

According to Citi, Lowe's Cos (NYSE: LOW) price target is raised to $23. Citi said that although LOW benefits from a relatively attractive valuation (currently ~14x vs. 5 year average of ~15x), it views limited upside from current levels. “We prefer to remain on the sidelines, looking to gain...

Citigroup has raised the price target on Lowe's Companies (NYSE: LOW) from $21 to $23 and maintains its Neutral rating.

Goldman Sachs has published a research report on Lowe's Companies (NYSE: LOW) after the company announced its plans to close 20 stores. In the report, Goldman Sachs writes, "LOW pared its annual new store assumptions to 10-15 per year from roughly 30 stores previously. Cash exit costs are expected...

ISI Group has published a research report on Lowe's Companies (NYSE: LOW) after the company announced its plans to close 20 stores. In the report, ISI Group writes, "LOW announced the closure of 20 stores (27 stores YTD) and affirmed that the store counts for 2012 and beyond would drop to 10-15/yr...

Lumber Liquidators (NYSE: LL) today announced it has entered into an agreement to acquire certain assets of Sequoia Floorings relating to Sequoia's quality control and assurance, product development and logistics operations in China. In connection with the agreement, Lumber Liquidators expects to...

Cusick's Corner The end of day bounce was a relief and while it was welcomed to see this action, the reality is the overall trend is down. So where could this market go? The SPX in the last 4 months has pulled back 225 points (taken from highs in July and lows in September) and since the market is...

Below are the top home improvement stores stocks on the NYSE and the NASDAQ in terms of cash. Home Depot Inc (The) (NYSE: HD) had $2.55 billion in total cash and $10.78 billion in total debt for the latest quarter. Lowe's Companies Inc (NYSE: LOW) had $908.00 million in total cash and $6.62...

Deutsche Bank is out with its report today on Lowe's (NYSE: LOW), maintaining Buy. In its report, Deutsche Bank writes, "We expect cap ex to be $1.25b in 2012 and stay at that level through 2015. This is a 38% reduction from this year's $2b, primarily as net domestic store growth is over. In...

Citi is out with its report today on Lowe's (NYSE: LOW), maintaining Hold. In its report, Citi writes, "We rate the shares of LOW Hold/Medium Risk (2M). Our long-term outlook for the home improvement industry is favorable given secular trends, including the aging of the U.S. housing stock....

Lowe's Companies, Inc. (NYSE: LOW) today announced a restructuring of its store operations and merchandising organizations. The consolidation is designed to improve efficiencies, increase speed to market for new products and services, and enhance the shopping experience for customers. The company...