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

October 12, 2012 2:00 PM EDT Send to a Friend
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Price: $52.92 -0.81%

Rating Summary:
    9 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 20 | New: 23
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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.

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