RBC Capital analyst Steven Shemesh raised the firm’s price target on Lowe’s (LOW) to $292 from $291 and keeps a Sector Perform rating on the shares after its Investor Day presentation. The company reaffirmed its 2024 guidance and provided a range of outcomes for 2025, with the base case that was roughly in-line with its model, the analyst tells investors in a research note. RBC adds however that the pace of margin expansion for Lowe’s is still dependent on a top-line recovery, into which there is “very little visibility”.
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