Lowe's Cos. (LOW) Tops Q2 EPS by 80c, Revenues Beat; U.S. Comp. Sales Up 35.1%, Online Sales Up 135%

Lowe's (LOW) PT Raised to $200 at BofA Securities

BofA Securities analyst Elizabeth Suzuki raised the price target on Lowe's (NYSE: LOW) to $200.00 (from $176.00) while maintaining a Buy rating.

Lowe's (LOW) PT Raised to $188 at RBC Capital Following Results

RBC Capital analyst Scot Ciccarelli raised the price target on Lowe's (NYSE: LOW) to $188.00 (from $165.00) while maintaining an Outperform rating following results.

Home Depot posts record sales as demand for DIY products surges

By Uday Sampath Kumar

(Reuters) - Home Depot Inc (NYSE: HD) reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and lawn mowers surged from consumers stuck at home due to the COVID-19 pandemic.

The company's same-store sales jumped 23.4% in the second quarter, surging past analysts' average estimate of a 10.5% rise, as the home improvement chain emerged as one of the... More

Lowe's seen gaining on Home Depot in lockdown DIY boom

By Uday Sampath Kumar

(Reuters) - Lowe's Co Inc (NYSE: LOW) is expected to edge past rival Home Depot (NYSE: HD) with what could be its biggest growth in quarterly same-store sales in at least a decade, benefiting from its exposure to customers ready to splurge on do-it-yourself home renovations.

Sellers of paint, tools and gardening equipment have been among the winners since the start of the COVID-19 pandemic, as people take up more repair and... More

BofA raises 2Q estimates for Lowe's (LOW) and Home Depot (HD) on robust home improvement spending, sees 'record comps' for both

After noting robust spending home improvements in July, BofA Securities has maintained a "Buy" rating on Lowes (NYSE: LOW). Elizabeth Suzuki, the banks analyst, now expects 2Q EPS of $2.91 on a 15.0% surge in same-store sales.

The new forecast is higher than the current market consensus of EPS of $2.86 per share and 12.9% sales growth. As a result, Suzuki has upgraded the stock... More

Lowe's (LOW) PT Raised to $176 at BofA Securities

BofA Securities analyst Elizabeth Suzuki raised the price target on Lowe's (NYSE: LOW) to $176.00 (from $170.00) while maintaining a Buy rating.... More

Lowe's (LOW) PT Raised to $185 at Oppenheimer

Oppenheimer analyst Brian Nagel raised the price target on Lowe's (NYSE: LOW) to $185.00 (from $150.00) while maintaining a Outperform rating.... More