Baird says Lowe’s investor meeting reinforced positive view on shares

Baird says the timing and velocity of a sustained recovery in home improvement sector demand remains uncertain, but Lowe’s (LOW) continues to make the necessary investments to position the business to capitalize on the eventual turn. The firm, which tells investors that the company’s investor meeting reinforced Baird’s positive view on the shares, reiterates an Outperform rating and $295 price target on Lowe’s.