RSS
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 Dividend.com 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.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations
MOST POPULAR ARTICLES ON DIVIDEND.COM
ABOUT THIS ARTICLE