Lowe’s price target lowered to $232 from $264 at RBC Capital

RBC Capital lowered the firm’s price target on Lowe’s (LOW) to $232 from $264 and keeps a Sector Perform rating on the shares. Lowe’s delivered a roughly 2% EPS beat on slightly softer-than-anticipated comp sales and reaffirmed 2026 guidance for the year, the analyst tells investors in a research note. The firm noted that, given an arguably worse category outlook, it would argue that risk to 2026 numbers exists, and added that while it thinks shares largely embed guidance risk, it continues to struggle with the catalyst for numbers to move higher.