Jefferies analyst Jonathan Matuszewski maintains $Lowe's Companies (LOW.US)$ with a buy rating, and adjusts the target price from $274 to $301.
According to TipRanks data, the analyst has a success rate of 53.4% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lowe's Companies (LOW.US)$'s main analysts recently are as follows:
Following Lowe's mixed third quarter performance, where sales gains were attributed to hurricanes with a modest improvement in the base business, costs to both gross margin and SG&A had an adverse effect on EBIT. The analysts now project minimal changes going forward, looking for further evidence of sales improvement in FY25 that would facilitate operating leverage and EPS recovery, which they believe is crucial for the stock moving forward.
Despite showing some improvement sequentially in DIY sectors and reporting a high single-digit percentage comp, Lowe's results didn't meet investor expectations, resulting in share prices dropping by 3%-4%. This was even as the top-line outlook improved, though profitability forecasts were somewhat reduced. Long-term industry drivers remain solid, with considerable attention turning towards the December Analyst Day for revised medium-term guidance.
Note:
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