Gordon Haskett Downgrades Lowe's Companies to Hold, Announces $245 Price Target
Portfolio Pulse from Benzinga Newsdesk
Gordon Haskett analyst Chuck Grom downgraded Lowe's Companies (NYSE:LOW) from Accumulate to Hold and set a price target of $245.

April 03, 2024 | 11:14 am
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Lowe's Companies was downgraded from Accumulate to Hold by Gordon Haskett analyst Chuck Grom, with a new price target of $245.
The downgrade from Accumulate to Hold suggests a neutral outlook on Lowe's stock, indicating that the analyst sees limited upside potential from current levels. The setting of a $245 price target implies a specific valuation expectation, but the downgrade itself may temper investor enthusiasm in the short term, leading to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100