UBS Maintains Buy on Lowe's Companies, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Buy rating on Lowe's Companies (NYSE:LOW) but reduces the price target from $265 to $240.

November 22, 2023 | 5:15 pm
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UBS maintains a Buy rating on Lowe's Companies but lowers the price target from $265 to $240.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the maintenance of a Buy rating suggests that UBS still sees long-term value in the company, which could mitigate any negative reaction to the lower price target.
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IMPORTANCE 75
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