SunTrust Reiterates Buy Rating on Lowe's (LOW) Following Conference

SunTrust analyst Keith Hughes reiterated a Buy rating and $135.00 price target on Lowe's (NYSE: LOW) follwing management's participation in a competitor conference. Overall commentary was exceptionally bullish in light of the devastation seen in other parts of retail.

LOW and Home Depot (HD, Hold) have stayed open in all regions albeit with reduced hours and some limits on the number of customers. Pros have continued to work although management has noticed a shift from interior to exterior products.

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 $81.79 yesterday.

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