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Lowe’s price target lowered to $240 from $250 at Stifel

Stifel lowered the firm’s price target on Lowe’s (LOW) to $240 from $250 and keeps a Hold rating on the shares. Fiscal Q1 results outperformed the firm’s estimates, but the firm continues to estimate $12.15 in FY25 EPS, at the low end of maintained FY25 guidance, the analyst noted. The firm says the magnitude of the exit rate and implied underlying fiscal Q2 comparable sales performance “falls short of providing absolute confidence in the achievability of FY25 top line guidance,” let alone the acceleration necessary to support FY26-FY27 estimates.

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