Piper Sandler Maintains Overweight on Lowe's Companies, Lowers Price Target to $218
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith has maintained an Overweight rating on Lowe's Companies (NYSE:LOW) but reduced the price target from $240 to $218.
November 22, 2023 | 5:47 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Lowe's Companies but lowered the price target from $240 to $218.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to a short-term negative sentiment. However, the Overweight rating suggests that the analyst still sees positive fundamentals, which could balance out the impact. Therefore, the score is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100