1. Home
  2. Upgrades
  3. Lowe’s Home Improvement Is A ‘Value Stock Idea’ Despite ‘Muted Rebound’: Analyst

Lowe’s Home Improvement Is A ‘Value Stock Idea’ Despite ‘Muted Rebound’: Analyst

2
0

Shares of Lowe’s Companies Inc (NYSE: LOW) slipped in early trading on Tuesday.

The pressure on the share of wallet for goods seem to be subsiding, with a resumption in wage growth, according to JPMorgan analyst Christopher Horvers.

The Lowe’s Companies Analyst: Horvers upgraded the rating for Lowe’s Companies from Neutral to Overweight, while raising the price target from $210 to $265.

The Lowe’s Companies Thesis: The home improvement category is estimated to be less than 5% from the pre-COVID wallet share, Horvers said in the upgrade note.

Check …

Full story available on Benzinga.com

Visited 2 times, 1 visit(s) today