Normura Increases Price Target for Lowe's (LOW)

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 DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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