BTIG Affirms Lowe's (LOW) at 'Buy' Amid Light Q3 Results, Weaker Outlook
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UBS Cuts Price Target on Lowe's Cos. (LOW) Following 3Q Report
November 17, 2016 9:30 AM ESTUBS maintained a Buy rating on Lowe's Cos. (NYSE: LOW), and cut the price target to $77.00 (from $80.00), following the company's 3Q earnings report.
Analyst Michael Lasser commented, "While its sales trends were softer than the industry, LOW exited the period with some... More
Jefferies Cuts Price Target on Lowe's Cos. (LOW) to $69 Following 3Q
November 17, 2016 8:42 AM ESTJefferies maintained a Hold rating on Lowe's Cos. (NYSE: LOW), and cut the price target to $69.00 (from $81.00), following the company's 3Q earnings report. EPS of $0.88 missed expectation of $0.96. FY17 adjusted EPS guidance was reduced to $3.92 from $4.01.
Analyst Daniel Binder commented, "Comp sales... More
Moody's Affirms Ratings on Lowe's Cos. (LOW); Outlook is Stable
November 16, 2016 4:29 PM ESTMoody's Investors Service affirmed Lowes Companies, Inc.'s (NYSE: LOW) A3 senior unsecured ratings and P-2 short term commercial paper rating. The rating outlook is stable.
Ratings affirmated are:
Lowe's Companies, Inc.
- Commercial Paper rated P-2
- Multiple Seniority Shelf rated (P)A3
- Senior Unsecured Regular Bond/Debentures rated A3
Lowe's Companies Canada, ULC
- Senior Unsecured Regular Bond/Debentures rated A3
Outlook Actions are:
Lowe's Companies, Inc.
- Outlook remains Stable
Lowe's Companies Canada, ULC
- Outlook remains Stable
RATINGS RATIONALE
"The... More
Dow, S&P 500 drop as U.S. bank rally wanes, tech boosts Nasdaq
November 16, 2016 7:20 AM ESTBy Sinead Carew
NEW YORK (Reuters) - The S&P 500 closed lower and the Dow ended a seven-day rally on Wednesday as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher.
U.S. stocks had been on a tear since the real estate developer's surprise victory in the Nov. 8 U.S. presidential election. The Dow had closed higher for the previous seven sessions, with the last four at record levels.
The S&P financial sector ended its own seven-day rally with a 1.4 percent decline. Both the Dow and S&P pared... More
Lowe's Cos. (LOW) Misses Q3 EPS by 8c; Trims FY17 Outlook
November 16, 2016 6:10 AM ESTLowe's Cos. (NYSE: LOW) reported Q3 EPS of $0.88, $0.08 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $15.7 billion versus the consensus estimate of $15.86 billion.
Comparable sales increased 2.7 percent. The Street was looking for a 3.2 percent increase.
Fiscal... More
