LOW

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 -0.74% Stifel $240 → $225 Maintains Hold 02/14/2024 10.29% Baird $250 → $250 Upgrades Average → Outperform 02/13/2024 10.29% Wells Fargo $235 → $250 Maintains Overweight 02/13/2024 15.58% Goldman Sachs $238 → $262 Maintains Buy 02/12/2024 16.91% JP Morgan $210 → $265 Upgrades Neutral → Overweight 01/16/2024 8.08% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 1.03% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 11.17% Truist Securities $225 → $252 Maintains Buy 12/20/2023 5.88% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -16.18% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -7.36% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -3.83% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 5.88% UBS $265 → $240 Maintains Buy 11/22/2023 -5.15% Telsey Advisory Group $225 → $215 Maintains […]

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 10.48% Baird $250 → $250 Upgrades Average → Outperform 02/13/2024 10.48% Wells Fargo $235 → $250 Maintains Overweight 02/13/2024 15.78% Goldman Sachs $238 → $262 Maintains Buy 02/12/2024 17.11% JP Morgan $210 → $265 Upgrades Neutral → Overweight 01/16/2024 8.27% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 1.2% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 11.36% Truist Securities $225 → $252 Maintains Buy 12/20/2023 6.06% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -16.04% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -7.2% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -3.66% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 6.06% UBS $265 → $240 Maintains Buy 11/22/2023 -4.99% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -4.99% Wedbush $230 → $215

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 12.27% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 4.94% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 15.48% Truist Securities $225 → $252 Maintains Buy 12/20/2023 9.98% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -12.93% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -3.77% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -0.1% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 9.98% UBS $265 → $240 Maintains Buy 11/22/2023 -1.48% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -1.48% Wedbush $230 → $215 Maintains Neutral 11/22/2023 5.4% Morgan Stanley $255 → $230 Maintains Overweight 11/21/2023 7.69% Truist Securities → $235 Reiterates Buy → Buy 11/21/2023 3.11% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/15/2023 3.11% Telsey Advisory Group

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 7.88% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 18.72% Truist Securities $225 → $252 Maintains Buy 12/20/2023 13.06% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -10.49% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -1.07% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 2.7% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 13.06% UBS $265 → $240 Maintains Buy 11/22/2023 1.29% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 1.29% Wedbush $230 → $215 Maintains Neutral 11/22/2023 8.35% Morgan Stanley $255 → $230 Maintains Overweight 11/21/2023 10.71% Truist Securities → $235 Reiterates Buy → Buy 11/21/2023 6% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/15/2023 6% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/13/2023

Barclays analyst Seth Sigman maintains Lowe’s Companies (NYSE:LOW) with a Equal-Weight and raises the price target from $203 to $229.

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 7.44% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -14.95% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -5.99% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -2.41% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 7.44% UBS $265 → $240 Maintains Buy 11/22/2023 -3.76% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -3.76% Wedbush $230 → $215 Maintains Neutral 11/22/2023 2.96% Morgan Stanley $255 → $230 Maintains Overweight 11/21/2023 5.2% Truist Securities → $235 Reiterates Buy → Buy 11/21/2023 0.72% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/15/2023 0.72% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/13/2023 7.44% Stifel $270 → $240 Maintains Buy 11/07/2023 -13.16% RBC Capital → $194 Initiates Coverage On →

Lowe’s (NYSE:LOW) Sees Comparable Sales Fall 1.6% Vs. FactSet Expectations for a 2.6% Drop.

Lowe’s Cos. Inc. (NYSE:LOW) saw comparable sales decline in the latest quarter, but not by as much as analysts were expecting. The shares were moving fractionally higher in Tuesday’s premarket trading after Lowe’s posted a 1.6% decline in comparable sales for the fiscal second quarter compared with the 2.6% drop that analysts were expecting. Net earnings at Lowe’s were $2.7 billion, or $4.56 a share, compared with $3.0 billion, or $4.67 a share, in the year-prior quarter. The FactSet consensus was for $4.47 a share. Revenue fell to $25.0 billion from $27.5 billion and matched the consensus view. Lowe’s called out a “strong spring recovery” and traction in its Pro and online businesses, though it said that lumber deflation and lower do-it-yourself discretionary demand weighed on comparable sales. The company affirmed its outlook for the full fiscal year. That calls for $87 billion to $89 billion in sales and a

Lowe’s (NYSE:LOW) on Tuesday reported lower fiscal second-quarter results, although earnings topped Wall Street’s expectations and the home improvement retailer maintained its full-year outlook. Per-share earnings came in at $4.56 for the three months through Aug. 4, down from $4.67 the year before, but ahead of the Capital IQ-polled consensus of $4.48. Sales dropped to $24.96 billion from $27.48 billion, just shy of the Street’s view for $24.98 billion. The stock gained 2.9% in premarket trading. Sales included a roughly $335 million headwind related to a timing shift in the retailer’s fiscal calendar, as it cycled over a 53-week year, it said. Same-store sales declined 1.6%, compared with a 2.6% decrease modeled by analysts, as a robust spring recovery and sales traction in the company’s pro and online businesses helped partially offset lumber deflation and lower do-it-yourself discretionary demand. Selling, general and administrative expenses narrowed to $4.09 billion from $4.46