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Lowe's Pro Sales Lead The Way As DIY Slows, Analysts Say

DIY が遅れる中、アナリストはLowe's プロセールスが先を行っていると述べています

Benzinga ·  2024/11/21 10:46

Shares ofLowe's Companies Inc (NYSE:LOW) were trading higher Thursday after the company reported upbeat third-quarter results on Tuesday.

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

Goldman Sachs On Lowe's Companies

Analyst Kate McShane maintained a Buy rating, while raising the price target from $260 to $276.

Although Lowe's reported better-than-expected results for the third quarter, comparable sales contracted by 1.1%, McShane said in a note. While sales continued to be pressured by weaker DIY trends with consumers dealing with elevated interest rates, some of the headwinds...

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