LOWE'S REPORTS FIRST QUARTER 2024 SALES AND EARNINGS RESULTS
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Loop Capital Reiterates Hold Rating on Lowe's (LOW)
May 22, 2024 7:11 AM EDTLoop Capital analyst Laura Champine reiterated a Hold rating and $230.00 price target on Lowe's (NYSE: LOW).
The analyst comments "We are reiterating our Hold rating for LOW following a quarterly report which was basically in line with our estimate but beat... More
Lowe's (LOW) PT Lowered to $265 at Truist Securities
May 22, 2024 7:08 AM EDTTruist Securities analyst Scot Ciccarelli lowered the price target on Lowe's (NYSE: LOW) to $265.00 (from $271.00) while maintaining a Buy rating.
The analyst comments "1Q results were slightly above investor expectations, helped by the arrival of Spring weather. Pros posted + comps for the quarter, helping offset... More
RBC Capital Reiterates Sector Perform Rating on Lowe's (LOW)
May 22, 2024 6:18 AM EDTRBC Capital analyst Steven Shemesh reiterated a Sector Perform rating and $246.00 price target on Lowe's (NYSE: LOW)
The analyst comments "A 4% 1Q EPS beat was largely offset by 2Q EPS guidance ~4% below consensus, leaving 2024 a back-half improvement story and keeping FY'24 #s... More
UBS Reiterates Buy Rating on Lowe's (LOW)
May 22, 2024 5:51 AM EDTUBS analyst Michael Lasser reiterated a Buy rating and $270.00 price target on Lowe's (NYSE: LOW).
The analyst comments "Overall, Lowes 1Q print was better than expected and should be a positive catalyst for the stock today. Its comp was -4.1%, compared to our forecast of -6% and the consensus of -5.5%. The markets expectation had moved a touch lower following HDs print and was squarely... More
Barclays Reiterates Equalweight Rating on Lowe's (LOW)
May 22, 2024 5:46 AM EDTBarclays analyst Matthew McClintock reiterated an Equalweight rating and $229.00 price target on Lowe's (NYSE: LOW).
The analyst comments "Q1 results were mixed with sales better but still negative, while GM came in slightly below due in part to promotional activity. Not much... More
JPMorgan Reiterates Overweight Rating on Lowe's (LOW)
May 22, 2024 5:43 AM EDTJPMorgan analyst Christopher Horvers reiterated an Overweight rating and $268.00 price target on Lowe's (NYSE: LOW)
The analyst comments "LOW posted a sales-driven 4% EPS beat with comps of -4.1% vs. our -5.5%, the Streets -5.6%, and the down 5.5-6.0% HD lateral, as declines in... More
Wells Fargo Reiterates Overweight Rating on Lowe's (LOW)
May 22, 2024 5:11 AM EDTWells Fargo analyst Zachary Fadem reiterated an Overweight rating and $290.00 price target on Lowe's (NYSE: LOW)
The analyst comments "Cautious Q2 raises eyebrows; Q1 beat adds credibility. We expect LOW's Q2 guide to drive the debate today. We take the side of 'it's... More
Lowe's (LOW) PT Lowered to $250 at Evercore ISI
May 22, 2024 5:04 AM EDTEvercore ISI analyst Greg Melich lowered the price target on Lowe's (NYSE: LOW) to $250.00 (from $255.00) while maintaining a In Line rating.
The analyst comments "Whats harder? Twelve quarters of negative traffic, six quarters of negative comps, or trying to time of the turn in both. For Lowes, the toughest thing is trying to manage costs while investing to grow, balancing the two to grow share while keeping margins from falling further. For investors,... More
Jefferies Reiterates Buy Rating on Lowe's (LOW)
May 21, 2024 6:51 AM EDTJefferies analyst Jonathan Matuszewski reiterated a Buy rating and $267.00 price target on Lowe's (NYSE: LOW)
The analyst comments "Shares are up in the pre-market. The 4.1% comp decline comes in ~140 bps above the Street, even with unseasonable weather and ongoing big... More
