Lowe’s price target raised to $265 from $250 at Baird

Baird analyst Peter Benedict raised the firm’s price target on Lowe’s to $265 from $250 and keeps an Outperform rating on the shares. Q4 results “cleared a low bar,” says the analyst, who prefers “opportunistic accumulation” of the shares. FY24 should represent the trough in fundamentals, but a return to sales and EPS growth in FY25 is “key,” added the analyst in a post-earnings note.