Courtesy of Benzinga.
In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Lowe’s Companies (NYSE: LOW), and raised the price target from $64.00 to $71.00.
In the report, Morgan Stanley noted, “LOW will likely stick to its 2015 EBIT margin goal of 9.7% and lay out new 3-year financial targets. Even if 9.7% is not realized next year (theStreet is at 9.3%), annual EPS growth should be high-teens+ for the forseeable future, implying a still solid risk/reward.”
Lowe’s Companies closed on Friday at $64.86.
Latest Ratings for LOW
Date | Firm | Action | From | To |
---|---|---|---|---|
Dec 2014 | Morgan Stanley | Maintains | Equal-weight | |
Nov 2014 | JP Morgan | Maintains | Overweight | |
Nov 2014 | Citigroup | Maintains | Neutral |
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