Lowe's (LOW) PT Lowered to $275 at BofA Securities

BofA Securities analyst Robert F. Ohmes lowered the price target on Lowe's (NYSE: LOW) to $275.00 (from $280.00) while maintaining a Buy rating.

The analyst comments "LOW reported F2Q25 adj. EPS of $4.10, ahead of our $4.00 est. Comps declined -5.1% y/y driven by continued softness in DIY bigger-ticket projects (big-ticket comp sales declined -6.5% in F2Q) and unfavorable weather which negatively impacted seasonal categories. Gross Margin (GM) declined 19bps y/y to 33.5% as lower transportation costs and ongoing PPI initiatives were offset by continued supply chain investments."

You May Also Be Interested In

• Definium Therapeutics Inc (DFTX) PT Raised to $60 at Oppenheimer
• Buy gold stocks as valuations are cheap amid macro tension: BofA
• CVS Health (CVS) PT Raised to $110 at BofA Securities