SunTrust Reiterates Buy Rating on Lowe's (LOW) Following 4Q

SunTrust analyst Keith Hughes reiterated a Buy rating and $135.00 price target on Lowe's (NYSE: LOW) following the company's 4Q earnings report. LOW reported adjusted 4Q19 EPS of $0.94 versus the Street consensus of $0.91 with sales of $16.03 billion representing 2.6% growth (Street $16.15 billion).

Management provided 2020 SSS guidance of 3.0%-3.5% (Street at 3.1%) and gave an adjusted EPS range of $6.45-$6.65 (Street at $6.67).

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 $118.75 yesterday.

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