BofA lowered the firm’s price target on Lowe’s (LOW) to $280 from $290 and keeps a Buy rating on the shares. Following the Q3 report, the firm lowered its FY26 adjusted EPS forecast to $12.25 from $12.30 to reflect the inclusion of FBM, 20 basis points of adjusted operating margin pressure from FBM and ADG, and a lower comp forecast of flat year-over-year.
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Read More on LOW:
- Lowe’s price target lowered to $272 from $285 at Mizuho
- Lowe’s price target raised to $300 from $275 at JPMorgan
- Lowe’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Lowe’s Resilience and Strategic Initiatives Drive Buy Rating Amid Macroeconomic Challenges
- Lowe’s price target raised to $284 from $282 at Bernstein