Barclays Maintains Equal-Weight on Lowe's Companies, Raises Price Target to $229
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman has maintained an Equal-Weight rating on Lowe's Companies (NYSE:LOW) and increased the price target from $203 to $229.
January 04, 2024 | 12:18 pm
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Barclays has maintained an Equal-Weight rating on Lowe's Companies and raised the price target from $203 to $229, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive assessment of Lowe's Companies' future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating suggests that the stock is adequately valued at the moment, but the raised target indicates an expectation of growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100