Stifel Reiterates Hold Rating on Lowe's (LOW)

Stifel analyst W. Andrew Carter reiterated a Hold rating and $275.00 price target on Lowe's (NYSE: LOW).

The analyst commented, "We provide our updated model for the LOW 10Q which was filed today with no material changes to our estimates.GMS (GMS; $109.85; NC) reported F1Q26 results today. For calendar 1H25, GMS EBITDA down 16%. We believe this suggests a higher multiple for LOW's acquisition of Foundation Building Materials (FBM), which LOW is acquiring 13.8x pro forma 2024 EBITDA (13.4x including tax benefits) vs. Home Depot (HD; $407.45; Buy) acquiring GMS at 11.1x TTM F2Q26 EBITDA, or 11.4x excluding SBC. Though we continue to note our more negative view of the FBM acquisition given the expense, we believe this acquisition was necessary to successfully pursue the planned pro strategy to enhance long-term growth prospects."

For an analyst ratings summary and ratings history on Lowe's click here. For more ratings news on Lowe's click here.

Shares of Lowe's closed at $257.54 yesterday.

You May Also Be Interested In

• Chemours reaches $450M settlement over PFAS pollution at four sites
• GraniteShares 2x Long NVDA Daily ETF (NVDL) call put ratio 1.1 calls to 1 put with a focus on June 26 weekly calls
• GraniteShares 2x Long SpaceX Daily ETF (SPAL) call put ratio 1.9 calls to 1 put