Goldman Sachs said that it still sees excellent risk/reward in Lowe's Companies, Inc.'s LOW shares, as a stabilizing consumer backdrop suggests stable-to-improving demand; stable sector gross margins, tight cost discipline, and thoughtful capital allocation aid earnings visibility; and risk/reward looks favorable.
“We are raising our 2012 EPS forecast by $0.02 to $1.92 on a bigger buyback and tighter cost management, offsetting less gross margin expansion,” Goldman Sachs writes. “‘10/'11 remain unchanged.”
Lowe's currently trades at $22.70.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in