Seeking Alpha

Lowe's weaker after Canaccord Genuity chimes in

  • Canaccord Genuity analyst Laura Champine chops her price target on Lowe's (LOW -2%) down to $37 from $47 due to the lofty premium the stock is already trading at with limited growth potential on the table.
  • Her take is that shares of Lowe's have run ahead of earnings due to a flood of positive housing data.
  • Execution is also a risk with Lowe's as management at Home Depot continues to be a tough rival to outmaneuver, according to Champine.
Comments (1)
  • Snoopy1
    , contributor
    Comments (1104) | Send Message
     
    So this clueless analyst has a target of 12x 2015 EPS?
    29 May, 02:10 AM Reply Like
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