LOWE'S COMPANIES, INC. DECLARES CASH DIVIDEND

Lowe's (LOW) PT Raised to $301 at Jefferies

Jefferies analyst Jonathan Matuszewski raised the price target on Lowe's (NYSE: LOW) to $301.00 (from $274.00) while maintaining a Buy rating.

The analyst comments "Despite a +HSD% pro comp and sequential DIY improvement, results fell short of investor expectations with shares trading down 3-4% as... More

Goldman Sachs Reiterates Buy Rating on Lowe's (LOW)

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $260.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW reported 3Q24 adj. EPS of $2.89, above the GS and consensus (Refinitiv) estimates of $2.83/$2.82. Adj results excludes a pre-tax gain associated with the 2022... More

Evercore ISI Reiterates In Line Rating on Lowe's (LOW)

Evercore ISI analyst Greg Melich reiterated an In Line rating and $255.00 price target on Lowe's (NYSE: LOW).

The analyst comments "3Q comp of -1.1% (driven by DIY weakness, partly offset by storm related sales, +HSD Pro comp and online) was above expectations and relatively in line with HDs -1.2% U.S. comp. Better SG&A margins led a $0.07 EPS beat. 2024 guidance was raised at the low end (bracketing street estimates) to $11.80-$11.90. LOW raised FY24 comp forecast by 50bps but lowered... More

Lowe's earnings preview

Lowe's Cos. (NYSE: LOW) is set to release its third-quarter results on Tuesday, November 19, and analysts at Bank of America and Morgan Stanley are forecasting modest upside in the company's performance, driven by weather-related sales and ongoing operational improvements.

Bank of America forecasts a 3% decline in same-store sales for Lowes third quarter, slightly improving from a 5.1% drop in the prior quarter.

However, the analysts... More