Mizuho lowered the firm’s price target on Lowe’s (LOW) to $272 from $285 and keeps an Outperform rating on the shares. The firm says the company’s Q3 report “cleared a very low bar.” While management pointed to a more cautious consumer and still uncertain timing around the eventual housing inflection, Mizuho views the Q3 report favorably results and Lowe’s November-to-date comps are positive, the analyst tells investors in a research note.
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