Lowe's Companies Inc(NYSE:LOW) Tuesday reported better-than-expected results for its first quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs On Lowe's Companies
Analyst Kate McShane reiterated a Buy rating, while raising the price target from $250 to $268.
Lowe's comps improved sequentially throughout the quarter and management expects comps to remain flat in the second quarter and improve in the back half of the year, McShane said in a note. The company generated better-than-expected seasonal sales in the first quarter, he added.
Lowe's delivered...
Login or create a forever free account to read this news
Sign up/Log in