Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs
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Lowe's (LOW) PT Raised to $291 at RBC Capital
November 20, 2024 6:56 AM ESTRBC Capital analyst Steven Shemesh raised the price target on Lowe's (NYSE: LOW) to $291.00 (from $290.00) while maintaining a Sector Perform rating.
The analyst comments "Some puts and takes on the qtr, but views are ultimately unchanged for now. With visibility into category... More
Lowe's (LOW) PT Raised to $308 at Wolfe Research
November 20, 2024 6:01 AM ESTWolfe Research analyst Chris Bottiglieri raised the price target on Lowe's (NYSE: LOW) to $308.00 (from $267.00) while maintaining a Outperform rating.
The analyst comments "Lowe's is one of the largest Home Improvement retailers with a business model that has a larger mix of Do-It-Yourself customers (as opposed... More
Lowe's (LOW) PT Lowered to $270 at DA Davidson
November 20, 2024 5:41 AM ESTDA Davidson analyst Michael Baker lowered the price target on Lowe's (NYSE: LOW) to $270.00 (from $273.00) while maintaining a Neutral rating.
The analyst comments "Lowes beat on the revenue line this quarter although profits were more in line. That is largely a function... More
Lowe's (LOW) PT Raised to $301 at Jefferies
November 19, 2024 3:58 PM ESTJefferies 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)
November 19, 2024 8:45 AM ESTGoldman 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)
November 19, 2024 8:31 AM ESTEvercore 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
