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

October 12, 2012 2:00 PM EDT
Get Alerts LOW Hot Sheet
Price: $72.38 +0.32%

Rating Summary:
    11 Buy, 17 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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 Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment