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Buckingham Downgrades Lowe's (LOW) to Underperform, Sets $19 Price Target

November 10, 2011 11:32 AM EST
Get Alerts LOW Hot Sheet
Price: $214.16 -1.97%

Rating Summary:
    26 Buy, 21 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 18 | New: 20
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Buckingham Research's John Zolidis downgraded shares of Lowe's (NYSE: LOW) from Neutral to Underperform in an intraday research report Thursday. The analyst set a new $19 price target on the stock.

With Lowe's shares last trading around $22.34, the new Buckingham price target implies potential downside of about 15 percent.

For an analyst ratings summary and ratings history on Lowes click here. For more ratings news on Lowes click here.


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