Truist analyst Scot Ciccarelli raised the firm’s price target on Lowe’s (LOW) to $264 from $258 and keeps a Buy rating on the shares. The company’s Q1 results were largely in line, with comps decline of 1.7% reflecting unfavorable weather weighing on early-quarter trends, even though sales accelerated as the weather improved, the analyst tells investors in a research note. Lowe’s also reiterated its full year guide, and the management remains confident they can manage through the current tariff environment, the firm added.
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