Analyst Think Lowe's (LOW) on Way to EPS of $3

October 12, 2012 2:00 PM EDT Send to a Friend
Get Alerts LOW Hot Sheet
Price: $57.20 +1.65%

Rating Summary:
    9 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
Trade LOW Now!
Join SI Premium – FREE
UBS maintained a Buy rating on Lowe’s (NYSE: LOW) and raised its price target to $36 from $32.

Despite resurgence in its underlying market, Lowe's performance has been relatively lackluster, but this may change in the coming quarters, thinks UBS analysts.

"Starting in the back half of '12 & moving in '13 its transformative actions should move from a hindrance to a help. Coupled with a cooperative housing market, this means that LOW has the potential to achieve EPS of $3 by '14," said analysts.

For an analyst ratings summary and ratings history on Lowe's click here. For more ratings news on Lowe's click here.

Shares of Lowe's closed at $30.77 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

UBS

Add Your Comment