Stifel Downgrades Lowe's Companies to Hold, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst W. Andrew Carter has downgraded Lowe's Companies (NYSE:LOW) from Buy to Hold while increasing the price target from $235 to $240.

December 20, 2023 | 9:39 am
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Stifel downgraded Lowe's Companies from Buy to Hold, although the price target was raised from $235 to $240.
The downgrade to Hold suggests that Stifel believes Lowe's stock may not provide significant upside potential in the near term, which could lead to a neutral or slightly negative investor reaction. However, the increase in the price target indicates a belief in the company's stable value or potential for slight growth, which could balance out the negative sentiment from the downgrade.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100