Lowe’s, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst W. Andrew Carter from Stifel Nicolaus maintained a Hold rating on the stock and has a $230.00 price target.
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W. Andrew Carter has given his Hold rating due to a combination of factors influencing Lowe’s current financial performance. The company reported better-than-expected earnings per share for the third quarter, surpassing both the analyst’s and the consensus estimates. Additionally, Lowe’s achieved a slight increase in comparable sales, outperforming expectations and indicating a modest underlying revenue growth.
Despite these positive results, the overall comparable sales growth was still below consensus expectations, which tempers the optimism. Furthermore, Lowe’s adjusted its full-year guidance to account for the inclusion of FBM, projecting flat comparable sales growth for the year. These mixed signals, along with the need to reassess earnings estimates, contribute to the Hold rating, suggesting that while the company is performing better than anticipated, there are still uncertainties that warrant a cautious approach.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $229.00 price target.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LOW in relation to earlier this year.