Argus Raises Price Target on Lowes (LOW)

Argus Raises Price Target on Lowes (LOW)

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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.

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