UBS Cuts Price Target on Lowe's Cos. (LOW) Following 3Q Report

Jefferies Cuts Price Target on Lowe's Cos. (LOW) to $69 Following 3Q

November 17, 2016 8:42 AM EST

Jefferies 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

Telsey Downgrades Lowe's (LOW) to Market Perform

November 17, 2016 7:28 AM EST

Telsey downgraded Lowe's (NYSE: LOW) from Outperform to Market Perform.

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 $67.02 yesterday.

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Moody's Affirms Ratings on Lowe's Cos. (LOW); Outlook is Stable

November 16, 2016 4:29 PM EST

Moody'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

Pre-Open Stock Movers 11/16: (SINO) (DCIX) (TGT) Higher; (PDLI) (FLXN) (LOW) Lower (more...)

November 16, 2016 9:28 AM EST

Today's Pre=Open Stock Movers

Sino-Global Shipping America (NASDAQ: SINO) 43.1% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ.

DryShip (NASDAQ: DRYS) 40% HIGHER; surged again before being halted on info request from... More

BTIG Affirms Lowe's (LOW) at 'Buy' Amid Light Q3 Results, Weaker Outlook

November 16, 2016 8:26 AM EST

BTIG 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 EST

Lowe'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

Trading Radar for 11/16: Cisco Systems (CSCO), Lowe's (LOW), Target (TGT), JinkoSolar (JKS), Meritor (MTOR) Report

November 15, 2016 3:17 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

PPI - Street sees 0.3%Core PPI - Street sees 0.2%

9:15am EST

Industrial Production - Street sees 0.2%Capacity Utilization - Street sees... More

Lowes (LOW) calls more active than puts into Q3 and outlook

November 15, 2016 2:55 PM EST

Lowe's Cos. (NYSE: LOW) November call option implied volatility is at 68, December is at 29; compared to its 52-week range of 16 to 39 into Q3. November 69 and 70 calls are active on total call volume of 32K contracts (19K puts).

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Home Depot maintains full-year sales forecast, disappointing investors

November 15, 2016 6:13 AM EST

By 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.

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