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Home improvement warehouse operator Lowe's Companies, Inc. ( LOW ) on Wednesday caught some bullish commentary from analysts at two major Wall Street firms.

UBS maintained its "Buy" rating on LOW and lifted its price target to $37, suggesting a 15% upside to the stock's Tuesday closing price of $32.08. The firm also lifted its earnings estimates for the company, citing recent progress within its transformation initiatives.

Meanwhile, analysts at BMO Capital maintained their "Market Perform" rating on LOW and raised their price target to $34. The analyst noted LOW stands to benefit from favorable weather trends.

Lowe's shares posted small losses in morning trading Wednesday.

The Bottom Line
Shares of Lowe's ( LOW ) have a 1.75% dividend yield, based on last night's closing stock price of $32.08. The stock has technical support in the $27-$28 price area. If the stock can firm up, we see overhead resistance around the all-time high levels of $34-$35 a share.

Lowe's Companies, Inc. ( LOW )s not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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