Shares are gaining 0.12% to $68.70 in Thursday's pre-market trading session.
The firm maintained its "hold" rating on the stock.
Even though the company's recent fourth quarter 2015 results, released on Wednesday morning, was not as good as analysts had hoped for, Lowe's is still "showing better gains than most retailers and is benefiting from a healthy industry backdrop and market share gains," analysts said.
Earnings for the latest quarter came in at 59 cents a share, matching Wall Street's projections and revenue was $13.24 billion, higher than forecasts of $13.05 billion.
Analysts also applauded the company for its strong comparable sales in 14 regions.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A-.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: LOW