Argus reported on Wednesday that they have raised their price target on home improvement retailer, Lowe’s Companies, Inc.(LOW) .
The firm has reaffirmed a “Buy” rating on LOW, and has increased the company’s price target from $40 to $44. This price target suggests a 10% increase from the stock’s current price of $39.59.
Lowe’s shares were mostly flat during Wednesday morning trading. The stock has increased 42% in the past year.
The Bottom Line
Shares of Lowe’s Companies, Inc.(LOW) have a 1.62% yield, based on Tuesday’s closing price of $39.41.
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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