Lowe’s price target raised to $270 from $255 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Lowe’s (LOW) to $270 from $255 and keeps an Overweight rating on the shares following Q2 results. The firm views Lowe’s favorably given its longer-term transformation opportunity and its exposure to the potential structural tailwind of a rebound in home improvement industry demand, Morgan Stanley told investors in a research note. The firm added that the company’s risk/reward profile is positive.