Lowe’s 2017 Goals Contingent on Improving Trends Ahead; Shares Undervalued
While wide-moat Lowe’s continues to trail its closest competitor, wide-moat Home Depot, in performance, we think the company’s first-quarter results were solid, given the duration of the current housing cycle and the struggle many brick-and-mortar business have recently shown. We don’t plan to change our sales and cost forecasts, but we will increase our $87 fair value estimate by about $10 as we adjust our models to incorporate the expectation for U.S. corporate tax reform beginning in 2018, de...Lowe's Companies is a home improvement retailer. The company provides home improvement products in lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens categories. The company provides installation services through independent contractors in product categories, including appliances, flooring, kitchens, lumber and building materials, and millwork. The company also provides extended protection plans for various products within the appliances, kitchens, fashion fixtures, millwork, rough plumbing and electrical, seasonal and outdoor living, and tools and hardware categories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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