RBC Capital Markets analyst Steven Shemesh initiated coverage on Lowe’s Companies, Inc. LOW with a Sector Perform rating and a price target of $194. The analyst says while Lowe’s under-penetration in its Pro business presents a share gain/margin opportunity in the long term, it will likely result in underperformance vs. peers in the near […]
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The Home Depot deftly navigated the pandemic disruption under former CEO Craig Menear, riding the home improvement boom to annual sales growth in the tens of billions of dollars. Before Menear, who stepped down last year, was Frank Blake, who successfully guided the retailer from 2007 to 2014 through the […]
