TD Cowen raised the firm’s price target on Lowe’s to $230 from $225 and keeps a Market Perform rating on the shares. The firm said they were pleased with results as strong blocking and tackling is driving Pro momentum, while the DIY business remains consistently soft. they note the consumer is pressured, but the magnitude doesn’t appear to be accelerating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LOW:
- Lowe’s price target raised to $250 from $245 at Wells Fargo
- Lowe’s (NYSE:LOW): Analysts Stick With “Buy Rating” Despite Weak Sales Trend
- Lowe’s price target raised to $250 from $225 at Baird
- Lowe’s Companies Reports Earnings: Did it Beat Estimate Forecasts?
- Lowe’s price target lowered to $252 from $260 at Goldman Sachs