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home / news releases / PKW - Lowe's: It's Time To Buy The Dip

PKW - Lowe's: It's Time To Buy The Dip

Invesco BuyBack Achievers ETF
  • Down 27% YTD, Lowe's is trading at its lowest forward P/E in nearly a decade.
  • The company reported mixed Q1 earnings on May 18th.
  • Revenues missed estimates, with same-store sales declining 4%, down 3.8% in the US.
  • EPS for the quarter was $3.51, beating estimates of $3.23.
  • Despite the mixed results, I am bullish on Lowe's, with a price target of $262/share.

For further details see:

Lowe's: It's Time To Buy The Dip
Stock Information
Company Name: Invesco BuyBack Achievers ETF
Stock Symbol: PKW
Market: NASDAQ
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