As the home improvement sector navigates a challenging market environment, major players like Lowe’s Companies Inc. (NYSE:LOW) are finding ways to thrive through strategic moves and solid financial performances. This landscape has seen companies adapting to shifting consumer demands and weather-related disruptions while seeking growth through acquisitions.
Lowe’s reported upbeat second-quarter results on Wednesday, and here are some key analyst takeaways.
- KeyBanc Capital Markets analyst Bradley Thomas maintained an Overweight rating, while raising the price target from $266 to $300.
- DA Davidson analyst Michael Baker reaffirmed a Neutral rating, while revising the price target higher from $240 to $266.
- RBC Capital Markets analyst Steven Shemesh reiterated a Sector Perform rating, while raising the price target from $243 to $260.
- JPMorgan analyst Christopher Horvers maintained an Overweight rating, while lifting the price target from $280 to $283.
- Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating and price target of $305.
Check out other analyst stock ratings.
KeyBanc Capital Markets: Lowe’s Companies reported comps growth of 1.1%, the strongest in more than two years, “driven by growth in both Pro and DIY, despite unfavorable weather early in the quarter,” Thomas said in a note. Comps came in line with expectations, while earnings topped …