RBC Capital analyst Steven Shemesh raised the firm’s price target on Lowe’s (LOW) to $291 from $290 and keeps a Sector Perform rating on the shares after its Q3 results. The firm notes that the visibility into category improvement is limited, and the company’s next potential catalyst is the upcoming investor day, where the management should give more detail on drivers of Pro growth and margin levers that Lowe’s has at its disposal if the company’s top-line remains soft throughout 2025, the analyst tells investors in a research note.
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Read More on LOW:
- Lowe’s price target raised to $270 from $240 at DA Davidson
- Lowe’s price target lowered to $301 from $306 at Bernstein
- Lowe’s Announces Q3 2024 Earnings with Updated Outlook
- Lowe’s price target raised to $301 from $274 at Jefferies
- Lowe’s price target raised to $245 from $229 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
