Oppenheimer Upgrades Lowe's (LOW) to Outperform

May 13, 2021 4:42 AM EDT
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Price: $191.14 --0%

Rating Summary:
    28 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 5 | New: 40
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(Updated - May 13, 2021 5:24 AM EDT)

Oppenheimer analyst Brian Nagel upgraded Lowe's (NYSE: LOW) from Perform to Outperform, PT $235.00.

The analyst comments "We are lifting our rating on Lowe’s (LOW) to Outperform from Perform. For a while, we have maintained a largely cautious and selective stance towards consumer, and in particular shares of key COVID-19 winners, upon concerns of a forthcoming postpandemic normalization in spending and more challenging comparisons. We are not signaling an “all clear” for LOW or our coverage, broadly. Instead, our refreshed, more upbeat call on Lowe’s is largely tactical in nature and hinged upon prospects for a continued flow of funds into more cyclically focused equites and a now historically discounted valuation versus that of Home Depot (HD)."

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 $195.54 yesterday.

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