Lowe’s price target lowered to $285 from $292 at RBC Capital

RBC Capital lowered the firm’s price target on Lowe’s (LOW) to $285 from $292 and keeps a Sector Perform rating on the shares. The company’s Q4 results and guidance were “largely as expected”, though the softer Q1 guide worsens the setup by shifting EPS growth to the second half of the year, the analyst tells investors in a research note. RBC continues to believe that the risk to reward for the name skews positive, but also sees the upside remaining dependent on a category inflection.