KeyBanc upgraded Lowe’s (LOW) to Overweight from Sector Weight with a $266 price target The firm sees a buying opportunity for “patient investors” into this “high-quality businesses” following the recent share pullback. Lowe’s offers “significant upside potential” over a two- to three-year time horizon, and investors should add positions, the analyst tells investors in a research note. KeyBanc believes the company is well positioned to navigate the near-term headwinds from recently enacted tariffs. It thinks Lowe’s will benefit from tax policy changes, and eventually a recovery in housing and home-related spending.
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