Truist analyst Scot Ciccarelli lowered the firm’s price target on Lowe’s (LOW) to $307 from $310 and keeps a Buy rating on the shares after its Analyst Day presentation. The firm is reducing its FY25 EPS view by 20c to $12.40 due to a more aggressive focus on debt reduction vs. buybacks, though it also believes that the improvements in the company’s merchandising/store space usage, tech, supply chain, its Pro focus and alternative revenue streams like Marketplace and Media should enable Lowe’s to capitalize on the eventual rebound in the home improvement market and drive double-digit EPS growth in FY26 and beyond, the analyst tells investors in a research note.
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