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Lowe's (LOW) PT Lowered to $238 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on Lowe's (NYSE: LOW) to $238.00 (from $245.00) while maintaining a Sector Perform rating.

The analyst comments "Continued comp softness and a guidance cut were expected. One could argue that the setup heading into FY'25 (a... More

Palo Alto Networks (PANW) PT Raised to $400 at BofA Securities

BofA Securities analyst Tal Liani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $370.00) while maintaining a Neutral rating.

The analyst comments "4Q24 results were strong with NGS ARR growth of 42.8% YoY, as well as solid margins and FCF... More

Lowe's (LOW) PT Lowered to $275 at BofA Securities

BofA Securities analyst Robert F. Ohmes lowered the price target on Lowe's (NYSE: LOW) to $275.00 (from $280.00) while maintaining a Buy rating.

The analyst comments "LOW reported F2Q25 adj. EPS of $4.10, ahead of our $4.00 est. Comps declined -5.1% y/y driven by continued softness... More

Lowe's (LOW) PT Lowered to $280 at Wells Fargo

Wells Fargo analyst Zachary Fadem lowered the price target on Lowe's (NYSE: LOW) to $280.00 (from $290.00) while maintaining a Overweight rating.

The analyst comments "Not a perfect setup; reasons to defend. Macro remains influx & the category isn't improving, but LOW Q2 update found a... More

DA Davidson Reiterates Neutral Rating on Lowe's (LOW)

DA Davidson analyst Michael Baker reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW missed published comp estimates and guided down. But this was expected as HD did the same last week for their core business. So true... More

Lowe's (LOW) PT Raised to $274 at Jefferies

Jefferies analyst Jonathan Matuszewski raised the price target on Lowe's (NYSE: LOW) to $274.00 (from $267.00) while maintaining a Buy rating.

The analyst comments "Following 2Q, we continue to see pent-up demand poised to accelerate comp sales and drive fixed cost leverage. As homeowners... More

Lowe's (LOW) PT Raised to $269 at Truist Securities

Truist Securities analyst Scot Ciccarelli raised the price target on Lowe's (NYSE: LOW) to $269.00 (from $265.00) while maintaining a Buy rating.

The analyst comments "2Qs comp decline of (5.1%) vs. our (4.3%E), was similar to our in-line/- call; mrgs/EPS held-up well and posted slight... More

Stifel Reiterates Hold Rating on Lowe's (LOW)

Stifel analyst W. Andrew Carter reiterated a Hold rating and $250.00 price target on Lowe's (NYSE: LOW).

The analyst comments "We continue with our Hold rating for LOW shares largely maintaining our outlook including a cautious approach to FY25 with our conviction strengthened... More

Palo Alto Networks (PANW) PT Raised to $400 at FBN Securities

FBN Securities analyst Shebly Seyrafi raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Outperform rating.

The analyst comments "We retain our Outperform rating on PANW and raise our PT from $350 to $400 following better than expected FQ4 results in which RPO grew by... More

Are investors safe as VIX retraces at record pace?

As the VIX retraces at a record pace, Bank of America said in a note Tuesday that investors may be tempted to breathe a sigh of relief.

However, the bank questioned whether the coast is really clear just yet.

Analysts at BofA explained that after the volatility spike on August 5, the VIX rapidly stabilized, dropping back to its pre-August year-to-date average level in just seven daysa record-setting... More

Citi Reiterates Neutral Rating on Lowe's (LOW)

Citi analyst Steven Zaccone reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW reported a 2Q print fairly in-line with expectations following HD earnings last week (i) 2Q EPS beat the Streets estimate by ~4%... More

Telsey Reiterates Market Perform Rating on Lowe's (LOW)

Telsey analyst Joseph Feldman reiterated a Market Perform rating and $230.00 price target on Lowe's (NYSE: LOW).

The analyst comments "TAG View: Lowe's reported better-than-expected 2Q24 earnings on solid expense management, but lowered its 2024 guidance on a dimmer view on DIY sales and the macroeconomic backdrop. The company reported 2Q24 adjusted EPS of $4.10, beating our estimate of $3.97 and the FactSet consensus (FS) of $3.96. Note, a lower tax rate than our forecast and the Street helped EPS by ~$0.05. Total sales declined 5.5% to $23.6B, though,... More

Palo Alto Networks (PANW) PT Raised to $400 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $375.00) while maintaining a Outperform rating.

The analyst comments "We continue to believe the platform approach in cyber security is the right long-term move for PANW and... More

Palo Alto Networks (PANW) PT Raised to $410 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Palo Alto Networks (NASDAQ: PANW) to $410.00 (from $390.00) while maintaining a Outperform rating.

The analyst comments "We thought the quarter represented a strong finish to the FY with momentum building into FY/25. We liked hearing... More

Lowe's Q2 earnings beat estimates, but revenue and guidance falls short on lower-than-expected DIY sales

(Updated - August 20, 2024 10:03 AM EDT)

Lowe's Cos. (NYSE: LOW) reported second-quarter earnings before the open Tuesday, surpassing analyst expectations, despite a decline in revenue amid challenging macroeconomic conditions. The home improvement retailer's stock bounced around at the start of Tuesday's session but is currently flat on the day.

Lowe's posted adjusted earnings per share of $4.10 for the quarter ended Aug. 2, 2024, exceeding the analyst estimate of $3.96. However, revenue fell short at $23.59 billion, compared to the consensus estimate of $23.93 billion and down from $25.0 billion in the same quarter last year.

Comparable sales... More

Palo Alto Networks (PANW) PT Raised to $400 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Overweight rating.

The analyst comments "Investment Summary. We reiterate our Overweight rating and raise our price target to $400 from $350 on a strong finish to FY2024. Palo Alto Networks delivered a solid finish to the year end on revenue exceeding FactSet consensus... More

Palo Alto Networks (PANW) PT Raised to $399 at Bernstein SocGen Group

Bernstein SocGen Group analyst Peter Weed raised the price target on Palo Alto Networks (NASDAQ: PANW) to $399.00 (from $364.00) while maintaining a Outperform rating.

The analyst comments "Palo Alto Networks closed out its FY24 with a FQ4 with another accelerating revenue beat to +1.4%... More