Lowe's Companies Inc (NYSE:LOW) shares remained volatile in early trading on Wednesday, after the company reported mixed results for its fiscal second quarter.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
BofA Securities OnLowe's Companies
Analyst Robert Ohmes reiterated a Buy rating while reducing the price target from $280 to $275.
Lowe's reported its quarterly adjusted earnings at $4.10 per share, surpassing estimates of $4.00 per share, Ohmes said. He added, however, that comps declined by 5.1% year-on-year, "driven by continued softness in DIY bigger-ticket projects and unfavorable...
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