Lowe’s price target raised to $275 from $265 at Stifel

Stifel analyst W. Andrew Carter raised the firm’s price target on Lowe’s (LOW) to $275 from $265 and keeps a Hold rating on the shares. The firm believes stronger results, the July exit-rate, and near-term trends drove the modest outperformance and it has increased confidence in the outlook, driving its estimates higher, but does not have “the conviction to take a more constructive approach,” the analyst tells investors in a post-earnings note.