Lowe's: Expecting Continuing Strength In Pro Business, Shares Fairly Valued

Lowe’s is expected to release its quarterly print in the middle of August. Ahead of the release, shares have struggled to gain traction, with YTD losses of nearly 13%. I believe the company has a strong near-term outlook for its Pro business, but I see its DIY category remaining more muted. I view shares as fairly valued for the current market environment.

At first glance, shares in Lowe's Companies, Inc. (LOW) look like a good bargain. The home improvement retailer’s stock is trading at the bottom end of its 52-week range with YTD losses of