Morgan Stanley Maintains Overweight on Lowe's Companies, Raises Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Lowe's Companies and raises the price target from $250 to $255.
August 21, 2024 | 3:23 pm
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Morgan Stanley has reaffirmed its Overweight rating on Lowe's Companies and increased the price target from $250 to $255, indicating a positive outlook.
The increase in price target from $250 to $255 by Morgan Stanley suggests a positive outlook for Lowe's Companies. The reaffirmation of the Overweight rating indicates confidence in the company's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100