Stifel Maintains Buy on Lowe's Companies, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst John Baugh has maintained a Buy rating on Lowe's Companies (NYSE:LOW) but has reduced the price target from $270 to $240.
November 13, 2023 | 3:24 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Lowe's Companies but lowers the price target from $270 to $240, indicating a positive outlook with a reduced growth expectation.
While the Buy rating suggests that Stifel continues to have a positive outlook on Lowe's Companies, the reduction in the price target may reflect a tempered expectation for the company's stock price growth in the short term. This could lead to a neutral short-term impact as the market digests both the continued endorsement and the lowered growth expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100