Lowe’s sales expected to accelerate, says Truist

Truist keeps a Buy rating and $258 price target on Lowe’s after meeting with its management. The company’s near-to-medium-term sales trends remain sluggish, but it is a matter of “when”, not “if” sales will accelerate, and Lowe’s has substantial earnings torque in its model when sales positively inflect, the analyst tells investors in a research note.