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RBC Dominion analyst Scot Ciccarelli trims his price target on Buy-rated Lowe's (LOW +2.1%) to...

RBC Dominion analyst Scot Ciccarelli trims his price target on Buy-rated Lowe's (LOW +2.1%) to $31 on his view that the company should be focusing on fixing up its U.S. business instead of launching an ambitious bid for Rona. He also cites the company's trend of seeing rival Home Depot outperform with sales numbers.
Comments (1)
  • PBfromGA
    , contributor
    Comments (26) | Send Message
     
    Wow. Buy rating? I have worked inside Lowes stores as a vendor servicing name brand product lines, for more than 3 years and done the same for WalMart and Home Depot. Lowes appears to be attempting to run themselves out of business since their decision to reduce inventories and attempt "just in time" deliveries READ: Out of stock and days late on deliveries through overtaxed unresponsive supply chains. Failure to bulk up on items they have sold well on in the past led to lost sales and increases in business to competitors who actually had the foresight to BUY BUY BUY early and stuff themselves to the rafters, so they could SELL like HELL (what real retailers do) during the short seasonal windows of opportunity.
    A little more time and I will tell you what I really think.
    7 Aug 2012, 12:47 PM Reply Like
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