Morgan Stanley Remains Bullish on Lowe's Cos. (LOW) Following 2Q

August 18, 2016 11:41 AM EDT
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Price: $70.65 +1.09%

Rating Summary:
    15 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Morgan Stanley reiterated an Overweight rating and $87.00 price target on Lowe's (NYSE: LOW) following the company's 2Q earnings report.

Analyst Simeon Gutman commented, "Q2 was a setback for the LOW story, but we remain OW as we see a stock in a good segment with a realistic path higher. This path higher does not hinge on significant EPS upside, nor does it require LOW to narrow the comp gap with HD. It is based on LOW achieving the 3-year targets it set out in 2014 and benefiting from modest RONA accretion next year."

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 $76.88 yesterday.

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