Morgan Stanley Keeps a Buy Rating on Lowe’s (LOW)

By Ryan Adsit

In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Lowe’s (LOWResearch Report), with a price target of $130. The company’s shares closed last Monday at $108.

According to TipRanks.com, Gutman is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Floor & Decor Holdings Inc, and Advance Auto Parts.

Currently, the analyst consensus on Lowe’s is a Moderate Buy with an average price target of $117.22, an 8.5% upside from current levels. In a report issued on August 8, RBC Capital also maintained a Buy rating on the stock with a $110 price target.

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The company has a one-year high of $118.23 and a one-year low of $84.75. Currently, Lowe’s has an average volume of 5.52M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LOW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lowe’s Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance.