Wells Fargo lowers Lowe's price target to $260, maintains buy rating
Lowe’s Companies, Inc. (NYSE:LOW) had its price target reduced by Wells Fargo analyst Zachary Fadem from $300 to $260, maintaining a Buy rating post Q1 2025 results. Revenue declined by 2.03% YoY to $20.93 billion, missing estimates by $29.64 million, while EPS of $2.92 surpassed expectations by $0.04.
Despite mixed results, Lowe’s (LOW) reaffirmed its fiscal 2025 guidance with sales expected between $83.5 billion to $84.5 billion and comparable sales ranging from flat to up 1%. Operating margin is projected between 12.3% to 12.4%, impacted by early weather conditions and strong online sales growth.
Lowe’s Companies, Inc. (NYSE:LOW) is a prominent home improvement retailer offering a wide range of products and services for construction, maintenance, repair, remodeling, and decoration projects. The company remains optimistic about its fiscal 2025 performance despite challenges faced in Q1 2025.
Read more at Yahoo Finance: Wells Fargo Reduced the PT on Lowe’s Companies (LOW), Maintained a Buy Rating