Analysts Offer Insights on Services Companies: Lowe’s (NYSE: LOW), Abercrombie Fitch (NYSE: ANF) and Patterson (NASDAQ: PDCO)

By Carrie Williams

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Lowe’s (NYSE: LOW), Abercrombie Fitch (NYSE: ANF) and Patterson (NASDAQ: PDCO).

Lowe’s (NYSE: LOW)

In a report issued on November 18, Seth Sigman from Credit Suisse maintained a Buy rating on Lowe’s (NYSE: LOW), with a price target of $72. The company’s shares opened today at $71.83.

According to TipRanks.com, Sigman is a 3-star analyst with an average return of 1.7% and a 55.4% success rate. Sigman covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Dick’s Sporting Goods, and Container Store Group.

Currently, the analyst consensus on Lowe’s is Moderate Buy and the average price target is $78.90, representing a 9.8% upside.

In a report issued on November 17, Stifel Nicolaus also maintained a Buy rating on the stock with a $84 price target.
Abercrombie Fitch (NYSE: ANF)

Credit Suisse analyst Christian Buss maintained a Sell rating on Abercrombie Fitch (NYSE: ANF) on November 18 and set a price target of $15. The company’s shares opened today at $15.16, close to its 52-week low of $14.

According to TipRanks.com, Buss is a 2-star analyst with an average return of 0.0% and a 47.3% success rate. Buss covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Gildan Activewear.

Currently, the analyst consensus on Abercrombie Fitch is Hold and the average price target is $19.17, representing a 26.5% upside.

In a report issued on November 15, FBR Capital also downgraded the stock to Sell with a $14 price target.
Patterson (NASDAQ: PDCO)

Credit Suisse analyst Robert Willoughby maintained a Buy rating on Patterson (NASDAQ: PDCO) yesterday and set a price target of $45. The company’s shares opened today at $39.61.

According to TipRanks.com, Willoughby is a 4-star analyst with an average return of 4.7% and a 58.8% success rate. Willoughby covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, The Advisory Board, and AmerisourceBergen.

Patterson has an analyst consensus of Hold, with a price target consensus of $47.40.