JP Morgan Upgrades Lowe's Companies to Overweight, Raises Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers upgraded Lowe's Companies (NYSE:LOW) from Neutral to Overweight and increased the price target from $210 to $265.

February 12, 2024 | 11:58 am
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POSITIVE IMPACT
Lowe's Companies upgraded by JP Morgan from Neutral to Overweight with a price target increase from $210 to $265.
Upgrades by major financial institutions like JP Morgan typically lead to positive short-term price movements due to increased investor confidence and perceived value. The significant raise in price target suggests a strong bullish outlook on Lowe's, likely influencing both retail and institutional investors to adjust their positions favorably towards LOW.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100