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.

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Comments (1)
  • Snoopy1
    , contributor
    Comments (1126) | Send Message
     
    So this clueless analyst has a target of 12x 2015 EPS?
    29 May 2014, 02:10 AM Reply Like
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