Ackman makes roughly $1 billion bet on Lowe's

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Go back to Ackman makes roughly $1 billion bet on Lowe's

Lowe's (LOW) PT Raised to $99 at Citi on 1Q Report; '1Q SSS Result Due to 3pt Headwind from Weather... Positivity Over Rest-of-Year Trends'

May 24, 2018 6:25 AM EDT

Citi raised its price target on Lowe's (NYSE: LOW) to $99.00 (from $94.00) while maintaining a Neutral rating, following the company's first quarter earnings report.

Analyst Kate McShane notes an upbeat outlook on the shares, despite LOW reporting first quarter earnings per share, revenues and same... More