Lowe’s shares stay Buy rated by Truist, robust strategy positions company for future market recovery By Investing.com
On Thursday, Truist Securities made an adjustment to the price target for Lowe’s Companies Inc (NYSE: NYSE:), bringing it down to $307 from the previous $310 while still upholding a Buy rating on the stock. Currently trading at $263.82, with a market capitalization of $148.8 billion, Lowe’s has demonstrated strong momentum with a 22.67% year-to-date return. The revision reflects a slight change in the firm’s earnings per share (EPS) estimates for 2025 and 2026, influenced by Lowe’s increased emphasis on debt reduction over share buybacks.
Lowe’s recently confirmed its fourth quarter and full-year 2024 outlook, presenting three potential scenarios for fiscal year 2025: Robust, Moderate, and Weak. These scenarios aim to cover a range of…
