Guggenheim raised the firm’s price target on Lowe’s to $250 from $240 and keeps a Buy rating on the shares after Q2 operating results that the firm calls “remarkably consistent with our expectations.” Not only was this performance driven by consistency within multi-year geometric monthly comp trends returning during the quarter, but “management demonstrated a unique level of margin control,” says the firm, which is slightly raising its full-year estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LOW:
- Lowe’s price target raised to $250 from $245 at Wells Fargo
- Lowe’s (NYSE:LOW): Analysts Stick With “Buy Rating” Despite Weak Sales Trend
- Lowe’s price target raised to $250 from $225 at Baird
- Lowe’s Companies Reports Earnings: Did it Beat Estimate Forecasts?
- Lowe’s price target lowered to $252 from $260 at Goldman Sachs