Buckingham Cuts Lowe's (LOW) to Underperform; Sets $23 Price Target

Shares of Lowe's (NYSE: LOW) are falling in afternoon trade as an analyst at Buckingham Research just downgraded the stock from Neutral to Underperform. The analyst set a $23 price target on Lowe's shares.

With the stock down 1.4 percent to $25.85 at last check, Buckingham's new price target implies potential downside of about 11 percent.

For more ratings news on Lowes click here and for the rating history of Lowes click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• U.S. Home Improvement Retail stocks: Q2 earnings preview h
• Lowe's Invests $20 Million to Help Nonprofits and Community Organizations Fulfill Bucket List Renovations
• Northcoast Downgrades Brinker Int'l (EAT) to Neutral