Evercore ISI Group Maintains In-Line on Lowe's Companies, Lowers Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich maintains an In-Line rating on Lowe's Companies (NYSE:LOW) and lowers the price target from $280 to $275.
April 16, 2024 | 2:54 pm
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Evercore ISI Group maintains an In-Line rating on Lowe's Companies and lowers the price target from $280 to $275.
The reduction in price target by Evercore ISI Group suggests a tempered outlook on Lowe's Companies' stock performance in the short term. This adjustment reflects analyst Greg Melich's revised expectations, potentially due to factors affecting Lowe's market position or financial health. Such a move can influence investor sentiment and possibly lead to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100