Lowe’s price target raised to $300 from $266 at KeyBanc

KeyBanc analyst Bradley Thomas raised the firm’s price target on Lowe’s (LOW) to $300 from $266 and keeps an Overweight rating on the shares. Lowe’s reported encouraging Q2 results with comps in line and EPS above the Street, while raising its 2025 guidance and announcing the acquisition of Foundation Building Materials (FBM) for $8.8B, the analyst tells investors in a research note. KeyBanc is increasingly positive on Lowe’s ability to gain share within Pro, and remains optimistic on the housing recovery opportunity over the medium-term.