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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Read More on LOW:
- Lowe’s Earnings Call: Pro Sales Shine Amid Challenges
- Lowe’s price target lowered to $242 from $244 at RBC Capital
- Lowe’s price target raised to $245 from $235 at Evercore ISI
- Lowe’s price target raised to $264 from $258 at Truist
- Lowe’s Growth Potential: Market Share Expansion and Strategic Initiatives Drive Buy Rating
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