On Nov 20, major Wall Street analysts update their ratings for $Lowe's Companies (LOW.US)$, with price targets ranging from $290 to $310.
Morgan Stanley analyst Simeon Gutman maintains with a buy rating, and maintains the target price at $300.
J.P. Morgan analyst Christopher Horvers maintains with a buy rating, and maintains the target price at $300.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and maintains the target price at $305.
UBS analyst Michael Lasser maintains with a buy rating, and adjusts the target price from $290 to $300.
Wells Fargo analyst Zachary Fadem maintains with a buy rating, and maintains the target price at $295.
Furthermore, according to the comprehensive report, the opinions of $Lowe's Companies (LOW.US)$'s main analysts recently are as follows:
Lowe's Q3 results were described as 'mixed,' where sales benefits derived from hurricane impacts contrasted with only modest improvements in the base business. Meanwhile, both the gross margin and SG&A experienced pressures that affected EBIT. The expectations forward are set with a cautious tone, awaiting further signs of sales inflection in FY25 which could potentially enhance operating leverage and lead to an EPS recovery deemed necessary for the stock's future performance.
Despite exhibiting a high-single digit percentage in comparable store sales and a sequential improvement in DIY sectors, Lowe's results did not fully meet investor expectations. This was evidenced by a decline in share prices of 3%-4%. This occurred as adjustments to the company's revenue outlook were somewhat counterbalanced by reduced profitability expectations. However, the long-term drivers of the industry remain strong, and attention is now focused on the upcoming December Analyst Day for further insights into medium-term guidance.
Here are the latest investment ratings and price targets for $Lowe's Companies (LOW.US)$ from 14 analysts:
Note:
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