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Stock impact report

RBC Capital Raises Lowe's (LOW) Price Outlook after Strong January Trends [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Lowe's Companies, Inc. (NYSE: LOW ) is included among the Goldman Sachs Dividend Stocks: Top 14 Stock Picks RBC Capital Raises Lowe's (LOW) Price Outlook after Strong January Trends On February 23, RBC Capital analyst Steven Shemesh raised the price recommendation on Lowe's Companies, Inc. (NYSE:LOW) to $257 from $252. The analyst reiterated a Sector Perform rating on the shares ahead of the company's Q4 results. In his research note, the analyst said transaction data showed trends similar to Q3, with January standing out as the strongest month of the quarter. Earlier, on February 18, Bernstein also raised its price target on Lowe's to $313 from $284. The firm maintained an Outperform rating. Analysts said expectations for Q4 home improvement earnings remain modest. Bernstein lowered its comparable sales forecast by 40bps to 50bps for the quarter. The firm pointed to winter storms, which likely slowed Pro projects and homebuilding activity. On February 13, Reuters reported th Show less Read more
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