Lowe’s price target raised to $243 from $236 at Citi

Citi raised the firm’s price target on Lowe’s to $243 from $236 and keeps a Neutral rating on the shares. The main message from the Q4 reports “is we’re not out of the woods yet when it comes to home improvement declines, but there is cautious optimism we’re close to the end of it,” the analyst tells investors in a research note. The firm says that with the strong stock price performance over the past three months, the timing of rate cuts and execution in the second half of the year versus potentially conservative guidance will be what matters for stock price performance.