Wells Fargo Maintains Overweight on Lowe's Companies, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Overweight rating on Lowe's Companies but lowers the price target from $290 to $280.
August 21, 2024 | 3:32 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Lowe's Companies but reduces the price target from $290 to $280, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Lowe's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100