Analyst Think Lowe's (LOW) on Way to EPS of $3
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Price: $42.97 +1.22%
Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade LOW Now!
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, with a 52 week range of $20.24-$32.29.
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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, with a 52 week range of $20.24-$32.29.
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