RBC Capital lowered the firm’s price target on Lowe’s (LOW) to $242 from $244 and keeps a Sector Perform rating on the shares. The company’s Q1 results were in line and its management affirmed guidance, the analyst tells investors in a research note. With softer category demand and incremental tariff-related costs, the firm continues to see risk to current consensus positioning, RBC added.
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Read More on LOW:
- 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
- Lowe’s price target lowered to $240 from $270 at DA Davidson
- Lowe’s price target lowered to $280 from $300 at Mizuho
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