Goldman Sachs Boosts Numbers on Lowe's (LOW) Following Q4
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Price: $218.47 +0.11%
Rating Summary:
26 Buy, 21 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
26 Buy, 21 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs raised estimates and its price target on Lowe's (NYSE: LOW) from $29 to $32 following solid Q4 results.
The firm raised 2012 EPS to $1.81 from $1.79 and 2013 goes to $2.25 from $2.12. They introduce 2014 EPS at $2.60.
"The biggest increase comes from a bigger buyback, offset in part by interest expense on more debt", the analyst notes. Goldman expects a more gradual gross
margin recovery.
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 $27.34 yesterday.
The firm raised 2012 EPS to $1.81 from $1.79 and 2013 goes to $2.25 from $2.12. They introduce 2014 EPS at $2.60.
"The biggest increase comes from a bigger buyback, offset in part by interest expense on more debt", the analyst notes. Goldman expects a more gradual gross
margin recovery.
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 $27.34 yesterday.
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