Covering Lowe's (LOW) Earnings / Buy Rating

Published: Aug. 18, 2021, 4:29 p.m.

b"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 on Lowe's of $220. He says Lowe's is managing a transformation with improved sales execution, inventory controls, and better supply chain and revamped stores. He sees the lack of houses for sale as a catalyst for staying put and home improvement projects."