Evercore ISI raised the firm’s price target on Lowe’s (LOW) to $250 from $240 and keeps an In Line rating on the shares. With positive comps in three of the past four quarters, Lowe’s is showing signs of stabilizing, hinting at a potential bottom, the analyst tells investors in a post-earnings note.
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Read More on LOW:
- Lowe’s price target lowered to $316 from $325 at UBS
- Lowe’s price target lowered to $280 from $290 at BofA
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- Lowe’s price target raised to $300 from $275 at JPMorgan
- Lowe’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
