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Lowe's Reports Gains Despite Tough Market Conditions: 8 Analysts Break Down Q1 Results

Benzinga ·  May 22 23:25

Lowe's Companies Inc(NYSE:LOW) Tuesday reported better-than-expected results for its first quarter.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

Goldman Sachs On Lowe's Companies

Analyst Kate McShane reiterated a Buy rating, while raising the price target from $250 to $268.

Lowe's comps improved sequentially throughout the quarter and management expects comps to remain flat in the second quarter and improve in the back half of the year, McShane said in a note. The company generated better-than-expected seasonal sales in the first quarter, he added.

Lowe's delivered...

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