Morgan Stanley Maintains Overweight on Lowe's Companies, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Lowe's Companies (NYSE:LOW) and raises the price target from $240 to $250.
February 28, 2024 | 5:57 pm
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Morgan Stanley maintains an Overweight rating on Lowe's Companies and raises the price target from $240 to $250.
The upgrade in the price target by a reputable analyst like Simeon Gutman from Morgan Stanley is likely to instill positive sentiment among investors, potentially driving the stock price up in the short term. The Overweight rating reaffirms the analyst's positive outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100