DJIA hopes for bullish trend, Goldman Sachs confides in Lowe’s Companies

Goldman Sachs raises Lowe's Companies, Inc. (NYSE: LOW) rating

In brief: Analysts believe that the Dow Jones Industrial Average may rise higher in absence of negative data and mixed dynamics in world markets.

The Dow Jones Industrial starts to rise after the sudden collapse in the mid-session. Dow index is close to the foothold of 10.225 points, gaining more than 0.1%. These statistics are neither pleased, nor disturbing.

Of course, one could easily spot at least a couple of concerns looking at macroeconomic indicators during the week. Analysts predict a further drop in July sales in the real estate after-market in the range of $ 4,6 to 4,72 million in annual terms, after 5.37 million previous month. Curious enough, but today the analysts of Goldman Sachs (GS) investment bank raised to the “buy” level recommendations on Lowe’s securities, increasing price target for its shares. Lowe id one of the largest construction materials networks in the U.S.

Anrey Torbinski
2010-08-23 18:29, Economics.

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