HomeLifestyleRetailCovering Lowe's (LOW) Earnings / Buy Rating
Covering Lowe's (LOW) Earnings / Buy Rating

Lowe's (LOW) reported earnings before market open today. Near-term tactically, Lowe's looks more attractive than Home Depot (HD), but they are both buys, says Ken Leon of CFRA. CFRA has a price target of $220 on Lowe's. He says Lowe's is managing a transformation with improved sales execution, inventory controls, better supply chain, and revamped stores. He sees the lack of houses for sale as a catalyst for staying put and doing home improvement projects.

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