Lowe’s price target lowered to $315 from $316 at UBS

UBS lowered the firm’s price target on Lowe’s (LOW) to $315 from $316 and keeps a Buy rating on the shares. Lowe’s delivered a Q4 marked by steady market share gains, disciplined P&L management, and continued investment in future growth, with value-focused execution resonating among homeowners and small-to-mid-sized pros despite ongoing deferral of large discretionary projects, the analyst tells investors in a research note. While near-term margin noise is expected as distribution assets are integrated, the company appears well positioned to benefit disproportionately when the home improvement cycle turns, with improving sales trends and a potentially more supportive backdrop providing upside to the stock, the firm says.