JP Morgan Maintains Overweight on Lowe's Companies, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers maintains an Overweight rating on Lowe's Companies but slightly lowers the price target from $272 to $270.
August 21, 2024 | 2:17 pm
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NEUTRAL IMPACT
JP Morgan's analyst Christopher Horvers maintains an Overweight rating on Lowe's Companies, indicating continued confidence in the stock. However, the price target is slightly reduced from $272 to $270, suggesting a minor adjustment in expectations.
The Overweight rating suggests continued positive sentiment towards Lowe's, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100