Lowe's forecasts strong sales growth this year, shares soar

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Go back to Lowe's forecasts strong sales growth this year, shares soar

Lowe's (LOW) PT Raised to $80 at Jefferies Following 4Q

March 2, 2017 7:34 AM EST

Jefferies raised its price target on Lowe's (NYSE: LOW) to $80.00 (from $78.00) while maintaining a Hold rating. 4Q EPS of $0.86 beat expectations for $0.79. Comp store sales of +5.1% beat the Streets view for +3.6%.

Analyst Daniel Binder commented, "Q4 sales and EPS beat against a... More