Nomura Initiates Lowe's At Neutral

Analysts at Nomura initiated coverage on Lowe's Companies LOW with a Neutral rating. The target price for Lowe's Companies is set to $70. Lowe's shares have jumped 40.02% over the past 52 weeks, while the S&P 500 index has gained 11.71% in the same period. Lowe's shares rose 0.69% to close at $65.32 yesterday.