Lowe’s price target lowered to $210 from $220 at TD Cowen

TD Cowen analyst Max Rakhlenko lowered the firm’s price target on Lowe’s to $210 from $220 and keeps a Market Perform rating on the shares. The analyst said in our view flat to (2%) comps outlook sets a high bar and will require for the macro backdrop to remain consistent potentially yielding downside risk to guidance.