Truist analyst Scot Ciccarelli raised the firm’s price target on Lowe’s (LOW) to $310 from $307 and keeps a Buy rating on the shares after the company reported Q3 results that were in-line with the firm’s upwardly revised forecast. While there is continued softness in big-ticket discretionary goods, and higher tariffs or inflation could derail rate cut expectations, the firm thinks investors want housing-related exposure and believes Lowe’s and Home Depot (HD) are “among the best ways to play a potential surge in home-related spending,” the analyst tells investors.
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