Lowe’s price target lowered to $235 from $258 at Truist

Truist analyst Scot Ciccarelli lowered the firm’s price target on Lowe’s to $235 from $258 but keeps a Buy rating on the shares after its Q4 results and guidance. The company’s sales trends remain "largely stable", with flattish comps in Q4 and projected flat to slightly down comps in FY23. Truist added that despite the slower topline growth, Lowe’s continues to drive productivity and slight margin expansion through the organization, also citing the stock’s "fairly stable" business trends and "reasonable" valuation.