Lowe’s price target lowered to $250 from $270 at Stifel

Stifel lowered the firm’s price target on Lowe’s (LOW) to $250 from $270 and keeps a Hold rating on the shares. Ahead of earnings this week from Lowe’s and peer Home Depot (HD), the firm reiterates Hold ratings and notes that its reduced estimates reflect a softer start to the year. Despite “increasing enthusiasm” for the home improvement category’s prospects and the potential for both to capitalize on tariff disruption/inflation, the firm says it believes “a wait-and-see approach remains appropriate.” Further, Stifel believes Home Depot is better positioned to capitalize on the eventual recovery, arguing that Lowe’s outsized exposure to DIY and more nascent investment behind planned pro are “likely to constrain investor enthusiasm and confidence in the necessary inflection.”