Piper Sandler lowered the firm’s price target on Lowe’s (LOW) to $262 from $264 and keeps an Overweight rating on the shares following a mixed Q2 print and expected guide-down for the year. The firm says that while sales were a bit of a disappointment, Lowe’s delivered an EPS beat on impressive cost management. Piper continues to favor Home Depot (HD) due to higher Pro exposure.
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