Analysts: Weakness in Lowe’s a Buying Opportunity and 3 More Research Notes to Peruse

Lowe’s Co., Inc. (NYSE:LOW) RW Baird said Lowe’s recent weakness is a buying opportunity, given that their positive thesis remains intact; the firm sees demand in the sector continuing to recover with higher ticket projects gaining momentum, and expenses improving over the next year. The shares are Outperform rated with a $56 price target.

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J.C. Penney Co., Inc. (NYSE:JCP): RW Baird noted that J.C.Penney posted third quarter results near expectations, and was encouraged by the signs of stabilization, which included positive October and November comps, restoration of balance in brands and promotions, and the abatement of liquidity concerns. The shares remain Neutral rated, and the firm raises its price target to $10 from $9.

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Jack in the Box Inc. (NASDAQ:JACK): After Jack in the Box reported stronger than expected fourth-quarter results, and provided fiscal year 2014 guidance that beat expectations, Oppenheimer is upbeat on the company’s full year 2014 outlook. The firm thinks the company could initiate a dividend or accelerate its share buybacks in 2014, and the analyst keeps an Outperform rating on the stock.

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Yum! Brands, Inc. (NYSE:YUM): Oppenheimer believes that Yum Brands’ earnings per share can increase at least 20 percent in 2014, and the firm thinks that the Street’s 2014 restaurant margin outlook for the company seems low. The firm adds that investors could soon begin to view the stock’s multiple as attractive, and it keeps an Outperform rating on the stock.

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