Deutsche Bank Sees Pick Up at Lowe's (LOW)

Deutsche Bank maintained a Buy on Lowe's (NYSE: LOW) and raised its price target to $35.00 (from $30.00).

"We see a number of reasons why LOW’s business trends should pick up in the coming quarters, some internally related and some due to external factors," said analyst Mike Baker.

Barker thinks, in the near term, Lowe's guidance suggest stable trends, with comps flat, similar to last quarter.

"As internal and external drivers kick in, we believe comps will return to the low single digit range in 2013. We model a 2% comp in 1Q13 versus consensus of 0.9%," said Barker.

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 $30.95 yesterday.

---

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

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Solar Industries (SOIL:IN) PT Raised to INR23,500 at ICICI Securities
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'