Citigroup Maintains Neutral on Lowe's Companies, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Neutral rating on Lowe's Companies (NYSE:LOW) and lowers the price target from $243 to $240.

May 07, 2024 | 6:02 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Lowe's Companies and lowers the price target from $243 to $240.
The adjustment in price target by Citigroup reflects a minor revision in valuation expectations for Lowe's Companies, likely due to updated financial analysis or market conditions. However, the maintenance of a Neutral rating suggests that the analyst sees neither significant upside nor downside risks in the near term, indicating a stable outlook for the stock. The slight decrease in the price target may have a marginal negative impact on investor sentiment, but the unchanged rating stabilizes the overall outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90