Deutsche Bank Stays Comfortable With Lowe's

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.