Morgan Stanley Maintains Overweight on Lowe's Companies, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on Lowe's Companies (NYSE:LOW) but reduced the price target from $255 to $230.

November 22, 2023 | 1:38 pm
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Morgan Stanley's analyst maintains an Overweight rating on Lowe's but lowers the price target, indicating a positive outlook but with reduced growth expectations.
While the Overweight rating suggests that Morgan Stanley's analyst believes Lowe's will outperform the market or its sector, the reduction in the price target could imply a tempering of growth expectations or a response to market conditions. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued positive rating and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100