Lowe's Cos. (LOW) Remains Positioned for Short- & Long-term Strength - Barclays

Barclays maintains Overweight on Lowe's (NYSE: LOW) price target of $120.00.

Analyst Matt McClintock remains positive on the company noting management has positioned the company for outperformance over the ST and LT. The analyst says the CEO is well-respected and notes that the worst appears to be in the rearview, the new CEO presents a new catalysts for upside and the valuation remains "exceptionally appealing" in a afterhours research note.

For an analyst ratings summary and ratings history on Lowe's click here. For more ratings news on Lowe's click here.

Shares of Lowe's closed at $85.75 yesterday.

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