Lowe's to Acquire RONA; Creating Canada's Leading Home Improvement Retailer
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Lowe's (LOW) Added to Goldman Sachs Conviction Buy List on 'Share Price Dislocation' Following RONA Deal
February 4, 2016 8:38 AM ESTGoldman Sachs upgraded Lowe's (NYSE: LOW) from Buy to Conviction Buy with a price target of $82, suggesting upside of 22%. Analyst Matthew J. Fassler noted "share price dislocation" following its announcement to acquire RONA, but the deal doesn't change the thesis, in his view.
"We continue to see favorable macro drivers (housing) in a choppy economic backdrop, a stable... More
