Lowe's margin resurgence sustainable, says UBS UBS noted Lowe's showed a lot of margin flexibility during Q1 and the firm believes its margin resurgence is sustainable. The firm cited a potential increase in its bigger ticket items, the emergence from a period of tough comps, and raised company guidance. UBS keeps its Buy rating on the stock, but lowered its price target to $56 from $58.
Lowe's announces new $5B share repurchase program Reflecting its commitment to return excess cash to shareholders, the Board of Directors for Lowe's Companies has authorized a new repurchase program of $5B of the company's common stock. This new repurchase program has no expiration date and adds to the previous program's balance, which was $2.4B as of January 30.