Lowe’s added to Tactical Underperform List at Evercore ISI

Evercore ISI added Lowe’s to the firm’s Tactical Underperform List ahead of the Q2 earnings report. The firm said it believes management will keep the full-year EPS range of $12-$12.30 intact but will guide the Street to the low-end of the range, the analyst tells investors in a research note. The firm, which has an In Line rating and $225 price target on the shares, expects Q2 comps stayed under pressure as the current weaker DIY demand trends continue. The firm doesn’t believe demand trends will improve meaningfully the rest of the year, but sees compares getting easier in the second half.