Piper Sandler analyst Peter Keith raised the firm’s price target on Lowe’s (LOW) to $294 from $269 and keeps an Overweight rating on the shares. Lowe’s reported a relatively in-line Q2 and guidance was largely reiterated, the analyst tells investors in a research note. The firm is seeing some green shoots similar to Home Depot (HD) with late quarter comp strength, and Piper is bullish on the second half for Lowe’s amid its “transformational” acquisition of Foundation Building Materials (FBM).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOW:
- Lowe’s price target raised to $300 from $266 at KeyBanc
- Lowe’s Strategic Expansion and Operational Efficiency Drive Positive Outlook Amid Competitive Positioning and Market Conditions
- Lowe’s Reports Strong Q2 2025 Earnings and Strategic Acquisitions
- M&A News: Lowe’s Stock (Low) Goes High On $8.8B Foundation Building Materials Buy
- Market Wrap: S&P 500 Drops, Nasdaq Dragged Lower by Mega-Cap Technology Stocks