Lowe’s Companies, Inc. (NYSE:LOW) is highlighted among the 10 Cash-Rich Stocks to Buy Now, with Truist analyst Scot Ciccarelli raising the price target to $269 from $256 and maintaining a Buy rating. Shoppers are staying focused on value, with home equity potential driving growth in the home improvement space.

Lowe’s is targeting professional builders and contractors to boost sales and profit growth. Recent acquisitions of Artisan Design Group and Foundation Building Materials aim to strengthen appeal with professional customers. While professional sales are improving, overall business growth has been slow, with interest costs on the rise.

As one of the largest home improvement retailers in the US, Lowe’s offers a wide range of products and services for homeowners and professionals alike. The company positions itself as a one-stop shop for building, maintenance, repair, remodeling, and decorating needs.

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Read more at Yahoo Finance: Truist Raises Lowe’s (LOW) Target as Shoppers Stay Focused on Value