Lowe’s price target lowered to $265 from $271 at Truist

Truist analyst Scot Ciccarelli lowered the firm’s price target on Lowe’s to $265 from $271 but keeps a Buy rating on the shares. The company’s Q1 results were slightly above expectations helped by the arrival Spring weather as Pros segment posted positive comps for the quarter, helping offset continued DIY weakness, the analyst tells investors in a research note. The firm adds that the positive Pros comps, reasonable steady margins, and “materially easier” DIY comparisons support its overall bullish stance as it continues to expect the “golden handcuffs” home improvement thesis to produce “sharp” gains.