Wells Fargo lowered the firm’s price target on Lowe’s (LOW) to $285 from $295 and keeps an Overweight rating on the shares. While Lowe’s 2025 outlook was in line, and soft February/Q1 adds risk to the near-term setup, the company’s expectations for a Q2 snap back holds credibility considering solid second half of the year/Q4 beats, early Spring demand and lingering hurricane tailwinds, Wells adds.
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