Barclays Q1 Preview of Lowe's (LOW); Expecting Strong Trends After HD Beat and Warmer Weather

Barclays maintains an 'Equalweight' on Lowe's (NYSE: LOW) price target of $30.00.

Analyst, Alan M. Rifkin, said, "Last month, we raised our 1Q EPS and comp estimates due to our belief that business trends in the spring selling season likely accelerated since the beginning of March. In our view, warmer weather across the country likely supported strengthening 1Q same-store sales throughout the quarter...We estimate 1Q same-store sales of 4.0% versus an easy (3.3)% compare from last year. Our 1Q EPS estimate of $0.43."

Rifkin said he's turning more positive on LOW after impressive results from Home Depot (NYSE: HD) and stabilization in housing trends.

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 $29.03 yesterday.

---

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

---

You May Also Be Interested In

• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform