Lowe’s price target lowered to $280 from $293 at Truist

Truist analyst Scot Ciccarelli lowered the firm’s price target on Lowe’s (LOW) to $280 from $293 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in select Consumer names. The firm is updating its model to reflect the latest Truist Card Data and its conversations with management teams, the analyst tells investors in a research note.