Lowe's Leaves Its 2017 Outlook Unchanged
Lowe's (NYSE: LOW) this week announced earnings results that included a sharp sales jump as hurricane recovery efforts lifted demand for home improvement products. Yet the retailer couldn't keep up with the growth pace and profitability that Home Depot (NYSE: HD) revealed earlier in the month. Meanwhile, Lowe's left its full-year operating outlook unchanged despite the surprisingly strong third quarter.
More on that forecast in a moment. First, here's how the headline results stacked up against the prior-year period:
Metric
Source: Fool.com
Lowes Companies Inc. Stock
€243.95
-0.720%
The stock is an absolute favorite of our community with 32 Buy predictions and no Sell predictions.
However, we have a potential of -0.39% for Lowes Companies Inc. as the target price of 243 € is below the current price of 243.95 €.
