Loop Capital analyst Laura Champine raised the firm’s price target on Lowe’s to $230 from $225 and keeps a Hold rating on the shares as part of a broader research note that follows the firm’s store checks ahead of the peak selling seasons in home improvement category. The firm is updating its model while modestly raising its sales and expense flow-through estimates, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOW:
- UPS upgraded, PepsiCo downgraded: Wall Street’s top analyst calls
- Gordon Haskett waves ‘yellow flag,’ downgrades four retailers after rally
- Lowe’s downgraded to Hold from Accumulate at Gordon Haskett
- Lowe’s downgraded to Neutral from Outperform at Zelman
- Lowe’s price target raised to $271 from $258 at Truist
