Argus Raises Price Target on Lowes (LOW)

Argus Raises Price Target on Lowes (LOW)


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 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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