Bernstein raised the firm’s price target on Lowe’s (LOW) to $313 from $284 and keeps an Outperform rating on the shares. Going into Q4 home improvement earnings, expectations remain subdued, the firm says. Bernstein is lowering its comparable sales expectations by 40bps-50bps in Q4, reflecting the recent winter storm impact which likely negatively impacted Pro projects and home building activities.
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