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Search resuls for: "Dean Rosenblum"


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Bernstein was on the sidelines on Lowe's since it initiated coverage in December. "Margin expansion + Pro momentum + strengthening ROIC + a market poised to improve = we're in," said analyst Dean Rosenblum. Rosenblum forecasts Lowe's will continue to expand its operating margin over the next two years. "LOW's has shown impressive Pro sales growth for the last 10 quarters, outgrowing HD in the first two quarters of FY23. Bernstein is also bullish on the overall U.S. home improvement market over the the medium to long term.
Persons: Bernstein, Dean Rosenblum, Rosenblum, Lowe's, LOW's, " Rosenblum, — CNBC's Michael Bloom Organizations: Home Locations: Friday's, Lowe's
Instead of relying on fundamental research or quantitative analyses alone to identify stocks that will outperform, Bernstein combines both models. The Wall Street firm used its Bernstein and Autonomous sell-side analysts' recommendations as a proxy for the fundamental stock picker. His $200 target price suggests nearly 26% upside from Tuesday's close. According to his $265 price target, the stock could rally 38% from Tuesday's close. Rosenblum's price target of $54 implies 10.4% upside from Tuesday's close.
Analyst Dean Rosenblum said he's bullish on Kroger without the deal, seeing 25% potential upside for the stock from Tuesday's close. Although the grocery market is highly fragmented, Kroger and Albertsons are two of its biggest players. Says 90% chance the deal will close Rosenblum said he has "pretty high-conviction" that the deal will close, based on his research. Once the deal closes, Albertsons shares should be worth about $27, based on the deal price, net a special dividend the company plans to pay as part of the transaction. The bigger picture Beyond the strategic reasons for the Kroger-Albertsons deal, Rosenblum also sees reasons to be optimistic about both grocery and home improvement sectors.
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