Baird analyst Peter Benedict said he remain an "opportunistic buyer" of Lowe’s shares after the company’s investor meeting "reinforced the considerable progress already made in CEO Marvin Ellison’s transformation." Macro remains the biggest wildcard entering 2023, but "compelling opportunities" still lie ahead and he thinks the company did a good job framing out the business across a variety of demand environments, said Benedict, who maintains an Outperform rating and $250 price target on Lowe’s shares.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LOW:
- Lowe’s Institutes $15B Stock Buyback Program; Reiterates Outlook
- Lowe’s to hold an analyst and investor meeting
- Lowe’s backs FY22 adjusted EPS view $13.65-$13.80, consensus $13.76
- Lowe’s announces $15B stock repurchase plan
- Lowe’s Outlines Next Chapter of Total Home Strategy to Fuel Long-Term Growth
