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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOW:
- Lowe’s Growth Potential: Market Share Expansion and Strategic Initiatives Drive Buy Rating
- Lowe’s price target lowered to $240 from $270 at DA Davidson
- Lowe’s price target lowered to $280 from $300 at Mizuho
- Lowe’s price target lowered to $285 from $295 at Baird
- Lowe’s price target raised to $266 from $258 at Bernstein
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue