Company News

REFILE-BUZZ-Lowe's can triple EPS within 5 years - Jefferies

(Adds “pct” in 1st bullet)

** Shares of Lowe’s Companies Inc were up 0.6 pct to $102.07 after Jefferies upgraded the home improvement retailer to “buy” from “hold”

** Broker ups PT by nearly 60 pct to $129, highest on the Street

** Lead analyst Daniel Binder sees LOW tripling EPS within 5 yrs, with changes to its board serving as catalyst to narrowing the margin gap with its rival Home Depot Inc

** Adds that macro housing backdrop remains healthy, and e-commerce threat is below average

** Co announced on Mon that Lowe’s Canada to hire 7,000 employees this spring

** On Feb 28 analysts expect LOW to report Q4 adj EPS of 86 cents, co has beat or met Street estimates 4 of last 8 qtrs

** Of 33 analysts covering LOW, 24 rate co “buy” or stronger, remaining 9 recommend “hold”; median PT $115

** Binder awarded 3 of 5 stars by Thomson Reuters StarMine for past LOW analysis

** Over the last 12 mths, both LOW and HD shares have advanced ~40 pct