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Lowe’s price target lowered to $235 from $250 at Baird
The Fly

Lowe’s price target lowered to $235 from $250 at Baird

Baird lowered the firm’s price target on Lowe’s to $235 from $250 and keeps an Outperform rating on the shares after the company delivered in-line Q4 profit and gave FY23 guidance that bracketed consensus. Q1 comps are seen below full-year expectations and the top-line outlook assumes traffic gets "less bad" in the second half, which is a view "being met with some skepticism," but the firm believes the company’s emerging track record of earnings resilience "seems underappreciated."

Published first on TheFly

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