Normura Increases Price Target for Lowe’s (LOW)
Normura has raised their price target for home improvement retailer, Lowe’s Companies, Inc.(LOW) on Tuesday.
The firm, which currently has a rating of “Buy” on the company, has increased their price target for LOW to $40. This price target suggests 15.5% increase over the stock’s current price of $33.78.
Increased estimates are due to higher sales and margins.
Lowe’s shares were down 18 cents, or -0.53% during premarket trading Tuesday. The stock is up 33.81% YTD.
The Bottom Line
Shares of Lowe’s (LOW) have a 1.88% dividend yield, based on last night’s closing stock price of $33.96. The stock has technical support in the $30-$32 price area. The shares are trading near all-time highs.
Lowe’s Companies, Inc.(LOW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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