Story updated at 9:55 a.m. to reflect market activity.
Shares of Lowe's gained 0.4% to $52.55 in morning trading.
The analyst firm also raised its EPS estimates for the retailer through full year 2015. Jefferies analysts noted that Lowe's beat earnings estimates thanks to better sales and lower operating costs.
Separately, TheStreet Ratings team rates LOWE'S COMPANIES INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LOWE'S COMPANIES INC (LOW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."You can view the full analysis from the report here: LOW Ratings Report
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