Morgan Stanley increases its rating on Lowe's (LOW) to Equal-Weight to go along with a $30 price...

|About: Lowe's Companies, Inc. (LOW)|By:, SA News Editor

Morgan Stanley increases its rating on Lowe's (LOW) to Equal-Weight to go along with a $30 price target on the strength of the home improvement giant's higher EBIT and planned buybacks. "We remain cautious on home improvement growth near-term, but see potential upside risk and have increased industry growth estimates."