There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Servicemaster Global Holdings (SERV) and Lowe’s (LOW) with bullish sentiments.
Servicemaster Global Holdings (SERV)
In a report released yesterday, Dan Dolev from Nomura maintained a Buy rating on Servicemaster Global Holdings, with a price target of $52. The company’s shares closed yesterday at $45.26.
According to TipRanks.com, Dolev is a 5-star analyst with an average return of 11.6% and a 62.2% success rate. Dolev covers the Services sector, focusing on stocks such as ARAMARK Holdings, S&P Global Inc, and Moody’s Corp.
Currently, the analyst consensus on Servicemaster Global Holdings is a Moderate Buy with an average price target of $41.50, a -8.3% downside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $47 price target.
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Lowe’s (LOW)
In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Lowe’s, with a price target of $125. The company’s shares closed yesterday at $105.03.
Nagel commented:
“Early today, Outperform-rated Lowe’s (LOW) announced Q4 (Jan. 2019) results and reaffirmed guidance for fiscal 2019 (Jan. 2020). As we examine closely the figures reported by LOW, we are encouraged by increasingly clear indications of potentially improving trends at the company. Consider: 1) the gap between domestic comps at LOW and Home Depot (HD) narrowed to just 130 bps in the fourth quarter; 2) comp growth accelerated to +5.8% in the month of Jan.; and 3) management reiterated guidance for +3% comps in 2019. In our view, market concerns over weaker housing data lately and a potential sales slowdown within Home Improvement are overblown. LOW represents a top pick for us in 2019.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 8.3% and a 62.2% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.
Lowe’s has an analyst consensus of Moderate Buy, with a price target consensus of $110.45.
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