Lowe's estimates could be lowered around Street, says Janney Capital Janney Capital views Lowe's Q1 EPS as having missed the Street consensus when adjusted for one-time items and believes that consensus estimates for Lowe's could be lowered today despite the company maintaining its full year EPS and SSS view. Janney maintains its Neutral rating on Lowe's.
Lowe's upgraded to Outperform at BMO Capital As previously reported, BMO Capital upgraded Lowe's (LOW) to Outperform and increased its price target to $81 from $73. The firm's State Economic Scoreboard research indicates stronger relative housing improvement and overall economic activity in Southeastern states, where Lowe's has a larger store footprint. The firm said sales to the Pro segment could accelerate and potentially narrow the gap in comp-store sales with Home Depot (HD) if growth broadens in the coming months. Additionally, strengthening Q2 housing metrics and robust relative traffic give the firm increased confidence in its 4% Q2 comp-store sales forecast for Lowe's.