RBC Capital raised the firm’s price target on Lowe’s (LOW) to $260 from $243 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. The company’s FBM acquisition increases exposure to large Pro as well as to the broader category recovery, the analyst tells investors in a research note. RBC is also boosting its FY26 comp sales view to 2.5% from 2.2%, the firm added.
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