Oppenheimer Increases Price Target for Lowes (LOW)

Oppenheimer has increased its price target for home improvement retailer, Lowe’s Companies, Inc.(LOW) on Wednesday.

The firm has given LOW a rating of “Outperform,” and has increased its price target to $42. This price target suggests a 23.8% increase over the stock’s current price of $31.97.

Analysts have increased the company’s price target due to an upcoming positive inflection point.

Lowe’s shares were up 53 cents, or 1.66% during premarket trading Wednesday. The stock is up 25.97% YTD.

The Bottom Line
Shares of Lowe’s (LOW) have a 2.00% dividend yield, based on last night’s closing stock price of $31.97. The stock has technical support in the $28-$30 price area. The stock is trading near the all-time high range of $33-$34 a share.

Lowe’s Companies, Inc.(LOW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here