BofA analyst Robert Ohmes lowered the firm’s price target on Lowe’s (LOW) to $290 from $305 and keeps a Buy rating on the shares. Q4 comp upside was driven by Pro and hurricane sales benefits, but the firm lowered its FY26 EPS estimate to $12.25 from $12.85, given a reduction to its comp growth forecast to 0.5% from 2.0% previously, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOW:
- Positive Outlook for Lowe’s: Buy Rating Supported by Strategic Initiatives and Market Resilience
- Lowe’s Reports Steady Q4 2024 Earnings Growth
- Lowe’s Hold Rating: Balancing Strong Pro Growth Against DIY Challenges and Market Uncertainties
- Lowe’s price target lowered to $295 from $308 at Truist
- Amazon introduces Alexa+, GM announces $6B stock buyback: Morning Buzz