Lowe’s financial outlook bright, says analyst

April 10, 2017

Lowe's shares could spike by 20 percent this year thanks to earnings growth and margin improvement, according to a Reuters report.

The prediction, from Barron's, notes home retailers, including Home Depot, are primed for big sales boosts due to a thriving economy and healthty real estate markets that spur homeowners to renovate and update homes.

The analyst calls the sector "Amazon proof."

Topics: Consumer Behavior, Department Stores, Financial News, Omnichannel / Multichannel, Retail - Home Center

Companies: Lowe's

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