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• LOW 67% Rate It

Analysts at Normura Securities on Monday offered up some continued bullish commentary for home improvement retailer Lowe's Companies, Inc. ( LOW ).

The firm maintained its "Buy" rating on LOW and raised its price target from $38 to $32. This new target suggests a 15.5% increase from the stock's current price of $32.10.

A Nomura analyst commented, "LOW has done a lot of heavy lifting. It reorganized the field, cut SG&A, shut capex, instituted a massive buyback, launched a large-scale remerchandising and ate some humble pie. More hard work is ahead, but some early wins in margin management and merchandise resets can boost confidence and breed additional successes."

The firm also noted it believes that the company has reached its maturity, and may now be on the same level as other retailers such as Home Depot ( HD ) and Walmart ( WMT ). He also commented that "After 18 months of introspection and change, LOW may now be ready for prime time."

Lowe's shares were up 92 cents, or 2.95% on Monday Afternoon.

The Bottom Line
Lowe's currently offers a 2.05% dividend yield, based on last night's closing price of $31.18. The stock has climbed nearly 27% since the beginning of 2012.

Lowe's Companies, Inc ( LOW ) is 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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