Wells Fargo raised the firm’s price target on Lowe’s to $250 from $245 and keeps an Overweight rating on the shares. While the setup for 2H is complicated by tougher Q3 stacks, shares are cheap, Q3 comps could mark a trough, and the structural margin story stays intact, the analyst tells investors in a research note.
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- Lowe’s (NYSE:LOW): Analysts Stick With “Buy Rating” Despite Weak Sales Trend
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