DA Davidson Downgrades Lowe's Companies to Neutral, Maintains Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Baker downgraded Lowe's Companies (NYSE:LOW) from Buy to Neutral while maintaining the price target at $270.
March 27, 2024 | 10:35 am
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NEUTRAL IMPACT
Lowe's Companies was downgraded from Buy to Neutral by DA Davidson, with the price target remaining at $270.
The downgrade from Buy to Neutral by a significant analyst like DA Davidson could lead to a neutral short-term impact on Lowe's stock price. The maintenance of the price target at $270 suggests that the analyst believes the stock is currently valued appropriately, indicating no immediate upward or downward pressure on the stock price based on valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100