Wall Street rally ends as financial shares slide

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Go back to Wall Street rally ends as financial shares slide

Raymond James Reiterates Outperform Rating on Lowe's (LOW)

August 22, 2019 8:15 AM EDT

Raymond James analyst Budd Bugatch reiterated an Outperform rating and $115.00 price target on Lowe's (NYSE: LOW) following the company's 2Q earnings report. Lowes delivered an encouraging second quarter with positive comparable sales and sequentially improved profitability metrics.

On its call,... More

Medtronic, Inc. (MDT) PT Raised to $118 at BofA/Merrill Lynch

August 21, 2019 8:18 AM EDT

BofA/Merrill Lynch analyst Bob Hopkins raised the price target on Medtronic, Inc. (NYSE: MDT) to $118.00 (from $108.00) while maintaining a Buy rating.

... More

Medtronic, Inc. (MDT) PT Raised to $118 at Oppenheimer

August 21, 2019 7:36 AM EDT

Oppenheimer analyst Steven Lichtman raised the price target on Medtronic, Inc. (NYSE: MDT) to $118.00 (from $110.00) while maintaining a Outperform rating.

... More

Lowe's Cos. (LOW) Tops Q2 EPS by 15c, Revenues Beat, Comp. Sales Up 2.3%; Offers FY19 EPS Guidance

August 21, 2019 6:04 AM EDT

Lowe's Cos. (NYSE: LOW) reported Q2 EPS of $2.15, $0.15 better than the analyst estimate of $2.00. Revenue for the quarter came in at $20.99 billion versus the consensus estimate of $20.94 billion.

Excluding $14 million of pre-tax operating losses associated with the wind-down of the Company's Mexico retail operationsAdjusted diluted earnings per share1 increased 3.9 percent to $2.15 from adjusted diluted earnings per share1 of $2.07 in the second quarter of 2018.Sales for the second quarter increased 0.5 percent to $21.0 billion from $20.9 billion in the second quarter of... More