Jefferies Reiterates Buy Rating on Lowe's (LOW)

Jefferies analyst Jonathan Matuszewski reiterated a Buy rating and $267.00 price target on Lowe's (NYSE: LOW)

The analyst comments "Shares are up in the pre-market. The 4.1% comp decline comes in ~140 bps above the Street, even with unseasonable weather and ongoing big ticket DIY pressure. We expect Pro to be a focal point on the call, as it was up y/y for Lowe's and down y/y for their largest competitor. Also expect attention on SG&A, as it was a notable driver of EPS outperformance vs. the Street. Annual guidance reiterated, consistent with expectations. Call at 9 AM."

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 $229.17 yesterday.

You May Also Be Interested In

• Huntsman (HUN) PT Lowered to $11 at Jefferies
• Nike (NKE) PT Lowered to $19 at BNP Paribas Exane, 'The only positive we see is that Nike will cede $4bn of revenues to emerging brands'
• Accenture plc (ACN) PT Raised to $193 at TD Cowen