Moody's Affirms Ratings on Lowe's Cos. (LOW); Outlook is Stable
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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
BTIG Affirms Lowe's (LOW) at 'Buy' Amid Light Q3 Results, Weaker Outlook
November 16, 2016 8:26 AM ESTBTIG affirms Lowe's Cos. (NYSE: LOW) at Buy with a price target of $80 following Q3 results and lowered outlook issued earlier Wednesday.
Thefirm commented today: 3Q16: Operating EPS of $0.88 below our in-line estimate of $0.96. Comps of 2.7% were slightly better than our 2.5% estimate.... 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
Home Depot maintains full-year sales forecast, disappointing investors
November 15, 2016 6:13 AM ESTBy Sruthi Ramakrishnan
(Reuters) - Home Depot Inc (NYSE: HD), the No. 1 U.S. home improvement chain, did not lift its full-year sales forecast, implying a weaker-than-expected fourth quarter amid an improving housing market and higher consumer spending in the United States.
The company also raised its full-year earnings forecast only to account for lower tax provisions and outstanding share count.
Home Depot shares fell as much as 3 percent on Tuesday morning, reversing course from premarket when they gained after the company reported third-quarter profit and sales that beat analysts' estimates.
... More