Lowe's Stock Could Blast 40% Higher, According to Analyst

Eric Volkman, The Motley Fool
·2-min read
Lowe's Stock Could Blast 40% Higher, According to Analyst

A prominent Lowe's (NYSE: LOW) bull is charging harder on the company's stock. Morgan Stanley analyst Simeon Gutman on Friday raised his price target on the home improvement retailer, upping it to $210 per share from the previous $190 while maintaining his overweight (read: buy) recommendation. The prognosticator feels it's realistic that Lowe's will hit its target of a 12% EBIT (earnings before interest and taxes) margin in 2021.