UBS Raises Lowe’s Price Target Amid Strong Long-Te…
From Financial Modeling Prep: 2024-11-20 09:03:00
UBS analysts raised Lowe’s price target to $300 with a Buy rating after Q3 results. The company is set to benefit from a rebound in big-ticket categories like kitchen and bath remodels. Lowe’s is also seeing strong growth in its professional customer segment and driving operational efficiencies through PPI initiatives, projecting double-digit earnings growth.
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