Wedbush Maintains Neutral on Lowe's Companies, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has maintained a Neutral rating on Lowe's Companies (NYSE:LOW) but has reduced the price target from $230 to $215.
November 22, 2023 | 3:02 pm
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NEGATIVE IMPACT
Wedbush has maintained a Neutral rating on Lowe's Companies but lowered the price target from $230 to $215, indicating a potential downside or limited upside.
The reduction in price target by Wedbush suggests that they see less potential for price appreciation in Lowe's stock. This could lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100