Barclays Maintains an 'Equalweight' on Lowe's (NYSE: LOW); Expanding In Canada with RONA?
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Price: $233.56 --0%
Rating Summary:
19 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
Rating Summary:
19 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
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Barclays maintains an 'Equalweight' on Lowe's (NYSE: LOW) price target of $30.00.
Analyst, Alan M. Rifkin, said, "Yesterday afternoon, Lowe's CFO Robert Hull described RONA as a very interesting company, adding that Lowe's would be open to all options if RONA puts itself up for sale...An acquisition of a Canadian home improvement retailer with a significant retail presence by Lowe's would help bridge the gap between Home Depot (NYSE: HD) and Lowe's in Canada. Furthermore, an acquisition would help Lowe's gain economies of scale north of the border."
Notes: RONA is the largest home improvement retailer in Canada, with approx. 840 locations and C$5bln in 2011 revenues...Lowe's has on 31 of it's 1,45 stores in Canada vs. Home Depot, which has 180 of 2,252.
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 $31.07 yesterday.
Analyst, Alan M. Rifkin, said, "Yesterday afternoon, Lowe's CFO Robert Hull described RONA as a very interesting company, adding that Lowe's would be open to all options if RONA puts itself up for sale...An acquisition of a Canadian home improvement retailer with a significant retail presence by Lowe's would help bridge the gap between Home Depot (NYSE: HD) and Lowe's in Canada. Furthermore, an acquisition would help Lowe's gain economies of scale north of the border."
Notes: RONA is the largest home improvement retailer in Canada, with approx. 840 locations and C$5bln in 2011 revenues...Lowe's has on 31 of it's 1,45 stores in Canada vs. Home Depot, which has 180 of 2,252.
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 $31.07 yesterday.
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