A recent Goldman Sachs report has upgraded its rating for Lowe’s (NYSE:LOW), the U.S.’s second largest home-improvement retailer after Home Depot (NYSE:HD), from ‘Neutral’ to ‘Buy’ with a higher price target of $28, up from previous $26. The upgrade was in response to management’s continued efforts to reinvent its strategies from a new national re-branding campaign, to store upgrades and roll out of powerful online tools like ‘MyLowes’ to engage customers.
- The Year That Was: Lowe’s
- Why Home Depot Is Doing Better Than Lowe’s In 2016
- Lowe’s Misses Consensus Estimates As Traffic Slows At The Retailer In Q3
- Lowe’s Expected To Post Strong Q3 Results As Home Improvement Spending Rises
- Lowe’s’ Results Reflect Strong Y-O-Y Growth, But Fall Short Of Industry Estimates
- Home Depot Or Lowe’s — Who Is Operating More Efficiently?