Lowe’s price target lowered to $296 from $307 at Piper Sandler

Piper Sandler lowered the firm’s price target on Lowe’s (LOW) to $296 from $307 and keeps an Overweight rating on the shares following the Q4 call and 2025 guidance. The firm notes the company reported a very solid Q4 but similar to Home Depot (HD), 2025 comp/EPS guidance were set below expectations. Lowe’s provided 2025 guidance at its December Analyst Day, and while the overall framework and flow-through assumptions remain intact, numbers are overall coming down at the midpoint to account for lapping the greater-than-anticipated hurricane benefit in the second half of the year and a weaker start to the year due to weather.