Lowe's (LOW) PT Lowered to $270 at Morgan Stanley

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Go back to Lowe's (LOW) PT Lowered to $270 at Morgan Stanley

Home Depot and Lowe's Price Targets Cut at Morgan Stanley On Spending Pressure

July 20, 2022 10:32 AM EDT

Morgan Stanley analyst Simon Gutman told investors in a note Wednesday that they are lowering estimates on discretionary exposed stocks as they expect significant pressure on household discretionary spending in the back half of 2022.

As a result, the analyst cut price targets on companies such as Home Depot (NYSE:... More