Lowe’s price target raised to $230 from $210 at Wedbush

Wedbush analyst Seth Basham raised the firm’s price target on Lowe’s to $230 from $210 and keeps a Neutral rating on the shares. The firm came away from meetings with Lowe’s CFO Brandon Sink incrementally positive, with the medium-term outlook intact, the core maintenance and repair portion of its business remaining steady and the discretionary portion likely to improve after interest rates recede, the analyst tells investors in a research note.