Lowe's weakness a buying opportunity, says RW Baird Baird said they would buy any dip in Lowe's following Q2 results. The firm believes the company posted a solid quarter but noted Lowe's trimmed its full year top-line outlook due to a modest shortfall in the first half of the year. Shares of Lowe's remain Outperform rated with a $57 price target.
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.