JPMorgan Upgrades Lowe's (LOW) to Overweight, Added to Analyst Focus List

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Go back to JPMorgan Upgrades Lowe's (LOW) to Overweight, Added to Analyst Focus List

Home Depot (HD) and Lowe's Cos. (LOW) Trading Lower, Said to Receive Comments from Channel Check Boutique

February 13, 2024 9:13 AM EST

Home Depot (NYSE: HD) and Lowe's Cos. (NYSE: LOW) Trading Lower, Said to Receive Comments from Channel Check Boutique.

"Sales remain soft"... More

JPMorgan hikes Lowe's (LOW) to Overweight amid home improvement sector turnaround

February 12, 2024 8:04 AM EST

JPMorgan analysts upgraded Lowes Companies (NYSE: LOW) to Overweight from Neutral and added the stock to its Focus List on Monday. They also raised the target price to $265 from $210.

We continue to believe that goods share of wallet headwinds are moderating with trends ultimately reverting back toward wage growth, as this is historically the barometer for consumption trends, analysts led... More