ISI Group Maintains Hold Rating on Lowe's

A report from ISI reiterates its Hold rating on Lowe's LOW. The report states, “The risk is on execution. LOW is moving in the right direction (and we expect LOW to continue this recent trend at the Analyst Day), but even if everything goes right in 2012, operating improvements that boost EPS could be a 2013 event. For investors willing to stomach the likelihood of some choppy quarters, LOW is 1 point cheaper than HD with more upside if the turn occurs.” LOW closed yesterday at $24.01.