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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