Piper Sandler raised the firm’s price target on Lowe’s to $307 from $262 and keeps an Overweight rating on the shares. The firm notes cash-out refinance activity is starting to show solid improvement with the recent drop in the 30-year mortgage rate, but still has significant potential for further improvement in the months ahead. Big ticket spending has seen notable weakness in home improvement in 2024, but now appears poised for significant improvement in 2025 with a continued decline in the 30-year mortgage rate, Piper argues.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOW:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Deere dips after Trump tariff threat, DOJ to sue Visa: Morning Buzz
- Walmart upgraded, Starbucks downgraded: Wall Street’s top analyst calls
- Lowe’s upgraded to Outperform from Perform at Oppenheimer
- Lowe’s management to meet virtually with Telsey Advisory