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Lowe’s price target lowered to $242 from $244 at RBC Capital

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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