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Lowe’s (LOW) Receives a Buy from Evercore ISI

Evercore ISI analyst Greg Melich reiterated a Buy rating on Lowe’s (LOWResearch Report) yesterday and set a price target of $255.00. The company’s shares closed last Tuesday at $223.26.

According to TipRanks.com, Melich is a 2-star analyst with an average return of 0.0% and a 45.5% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Academy Sports and Outdoors, Floor & Decor Holdings, and Advance Auto Parts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lowe’s with a $280.47 average price target, representing a 26.2% upside. In a report issued on February 24, Piper Sandler also maintained a Buy rating on the stock with a $267.00 price target.

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The company has a one-year high of $263.31 and a one-year low of $159.29. Currently, Lowe’s has an average volume of 3.65M.

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Founded in 1946, Lowe’s Companies, Inc. operates as a home improvement retailer in the United States, Canada and Mexico. It offers home improvement products in various categories including appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company is headquartered in Mooresville, North Carolina.

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