Lowe’s price target lowered to $252 from $260 at RBC Capital

RBC Capital lowered the firm’s price target on Lowe’s (LOW) to $252 from $260 and keeps a Sector Perform rating on the shares after its Q3 results. The company over-delivered on relatively depressed expectations and the firm is encouraged by Pro momentum and margin progress but continues to struggle with top-line visibility, the analyst tells investors in a research note. For Q4, RBC is lowering its comp estimate to flat from 1% prior and EPS estimate to $1.95 from $2.00 prior, aligning with revised guidance which factors in a weather drag and acquisition dilution, the firm added.