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The American retailer of household goods and repairs, Lowe’s, occupies a significant niche in the segments for professionals. The company owns 2 thousand stores and offers customers goods for construction work, as well as furniture and decorative items.
Lowe’s Business Strengths:
Additional support will be provided by reducing inflationary pressure, completing the phase of tightening the monetary policy of the US Federal Reserve and reducing the impact of the coronavirus period.
The transformation of the business was launched back in 2018. Once completed, the program should have an absolutely positive impact on the effectiveness of Lowe’s strategy and sales figures. There is a certain bet on the consolidation of the market share after the transformation.
The sale of the Canadian business will add a serious argument to increase profitability, although it will put pressure on revenue.
the consensus forecast for Lowe’s shares for 12 months is $250
On the daily chart, the MACD indicator is declining in the negative zone and signals a sale. The Stochastic oscillator starts to grow and forms a buy signal.