Truist Securities Maintains Buy on Lowe's Companies, Raises Price Target to $252
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Lowe's Companies (NYSE:LOW) and increased the price target from $225 to $252.
December 21, 2023 | 3:29 pm
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Truist Securities analyst Scot Ciccarelli maintains a Buy rating on Lowe's Companies and raises the price target from $225 to $252, indicating a positive outlook on the stock.
The increase in price target by Truist Securities suggests a strong conviction in Lowe's Companies' future performance. This positive analyst rating typically instills confidence in investors and can lead to a short-term increase in the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100