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

Lowe's (LOW) PT Lowered to $238 at RBC Capital

August 21, 2024 6:24 AM EDT

RBC Capital analyst Steven Shemesh lowered the price target on Lowe's (NYSE: LOW) to $238.00 (from $245.00) while maintaining a Sector Perform rating.

The analyst comments "Continued comp softness and a guidance cut were expected. One could argue that the setup heading into FY'25 (a... More

Lowe's (LOW) PT Lowered to $280 at Wells Fargo

August 21, 2024 5:19 AM EDT

Wells Fargo analyst Zachary Fadem lowered the price target on Lowe's (NYSE: LOW) to $280.00 (from $290.00) while maintaining a Overweight rating.

The analyst comments "Not a perfect setup; reasons to defend. Macro remains influx & the category isn't improving, but LOW Q2 update found a... More

Fed minutes, US futures, gold, Walmart - what's moving markets

August 21, 2024 4:56 AM EDT

Investing.com -- The main Wall Street looks set to start the day with minor gains as investors await the release of the minutes from the last Federal Reserve meeting as well as nonfarm payroll revisions. Gold continues to hit record highs, while Walmart looks set to sell its stake in Chinese e-commerce giant JD (NASDAQ: JD).com. 

1. Fed minutes, payrolls revision to provide rate cuts insight

Investors are looking to the release of the minutes from the last Federal... More

Lowe's (LOW) PT Lowered to $240 at Gordon Haskett

August 20, 2024 4:04 PM EDT

Gordon Haskett analyst Chuck Grom lowered the price target on Lowe's (NYSE: LOW) to $240.00 (from $245.00) while maintaining a Hold (3) rating.... More

DA Davidson Reiterates Neutral Rating on Lowe's (LOW)

August 20, 2024 3:22 PM EDT

DA Davidson analyst Michael Baker reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW missed published comp estimates and guided down. But this was expected as HD did the same last week for their core business. So true... More

Lowe's (LOW) PT Raised to $274 at Jefferies

August 20, 2024 3:20 PM EDT

Jefferies analyst Jonathan Matuszewski raised the price target on Lowe's (NYSE: LOW) to $274.00 (from $267.00) while maintaining a Buy rating.

The analyst comments "Following 2Q, we continue to see pent-up demand poised to accelerate comp sales and drive fixed cost leverage. As homeowners... More

Lowe's (LOW) PT Raised to $269 at Truist Securities

August 20, 2024 3:16 PM EDT

Truist Securities analyst Scot Ciccarelli raised the price target on Lowe's (NYSE: LOW) to $269.00 (from $265.00) while maintaining a Buy rating.

The analyst comments "2Qs comp decline of (5.1%) vs. our (4.3%E), was similar to our in-line/- call; mrgs/EPS held-up well and posted slight... More

Stifel Reiterates Hold Rating on Lowe's (LOW)

August 20, 2024 3:16 PM EDT

Stifel analyst W. Andrew Carter reiterated a Hold rating and $250.00 price target on Lowe's (NYSE: LOW).

The analyst comments "We continue with our Hold rating for LOW shares largely maintaining our outlook including a cautious approach to FY25 with our conviction strengthened... More

Citi Reiterates Neutral Rating on Lowe's (LOW)

August 20, 2024 8:01 AM EDT

Citi analyst Steven Zaccone reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW reported a 2Q print fairly in-line with expectations following HD earnings last week (i) 2Q EPS beat the Streets estimate by ~4%... More

Telsey Reiterates Market Perform Rating on Lowe's (LOW)

August 20, 2024 7:52 AM EDT

Telsey analyst Joseph Feldman reiterated a Market Perform rating and $230.00 price target on Lowe's (NYSE: LOW).

The analyst comments "TAG View: Lowe's reported better-than-expected 2Q24 earnings on solid expense management, but lowered its 2024 guidance on a dimmer view on DIY sales and the macroeconomic backdrop. The company reported 2Q24 adjusted EPS of $4.10, beating our estimate of $3.97 and the FactSet consensus (FS) of $3.96. Note, a lower tax rate than our forecast and the Street helped EPS by ~$0.05. Total sales declined 5.5% to $23.6B, though,... More

Midday movers: Lilly, Palo Alto and Fabrinet rise; Lowe's, Boeing fall

August 20, 2024 7:19 AM EDT

(Updated - August 20, 2024 11:24 AM EDT)

Investing.com -- U.S. stock futures traded lower Tuesday, consolidating after recent strong gains as investors seek clues over future interest rate decisions.

Here are some of the biggest U.S. stock movers today:

Palo Alto Networks (NASDAQ: PANW) stock gained 7% after the company forecast fiscal 2025 revenue and profit above estimates, a sign of growing demand for its cybersecurity products as the digital threat landscape evolves.

Lowes... More

Lowe's Q2 earnings beat estimates, but revenue and guidance falls short on lower-than-expected DIY sales

August 20, 2024 6:19 AM EDT

(Updated - August 20, 2024 10:03 AM EDT)

Lowe's Cos. (NYSE: LOW) reported second-quarter earnings before the open Tuesday, surpassing analyst expectations, despite a decline in revenue amid challenging macroeconomic conditions. The home improvement retailer's stock bounced around at the start of Tuesday's session but is currently flat on the day.

Lowe's posted adjusted earnings per share of $4.10 for the quarter ended Aug. 2, 2024, exceeding the analyst estimate of $3.96. However, revenue fell short at $23.59 billion, compared to the consensus estimate of $23.93 billion and down from $25.0 billion in the same quarter last year.

Comparable sales... More

Lowe's cuts annual forecasts on weak home improvement demand

August 20, 2024 6:14 AM EDT

(Reuters) -Lowe's cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot's concerns of a slim chance of a recovery in home improvement demand this year.

The U.S. Federal Reserve was expected to cut interest rates earlier this year, but insufficient proof of easing inflation thus far has kept the rates high, which is affecting home sales, and consequently demand for expensive renovation projects.

"We're seeing significant implications ... people... More

Lowe's Cos. (LOW) Tops Q2 EPS by 14c; cuts guidance

August 20, 2024 6:02 AM EDT

Lowe's Cos. (NYSE: LOW) reported Q2 EPS of $4.10, $0.14 better than the analyst estimate of $3.96. Revenue for the quarter came in at $23.59 billion versus the consensus estimate of $23.93 billion.

GUIDANCE:

Lowe's Cos. sees FY2025 EPS of $11.70-$11.90, versus the consensus of... More

Powell's speech, rising US futures, Paramount Global - what's moving markets

August 20, 2024 5:11 AM EDT

Investing.com -- Wall Street looks set to continue its winning streak, helped by substantial inflows, amid optimism that Fed Chair Jerome Powell will point to interest rate cuts ahead at the Jackson Hole symposium at the end of the week.     . 

1. Powell seen offering dovish tone at Jackson Hole

Confidence is returning to Wall Street as investors prepare for what are expected to be largely dovish comments from Fed Chair Jerome Powell at the U.S. central banks annual economic symposium in Jackson Hole,... More

Lowe's Cos. (LOW) call put ratio 1 call to 1.6 puts into quarter results

August 19, 2024 11:09 AM EDT

Lowe's Cos. (NYSE: LOW) August 23 weekly call option implied volatility is at 51, September is at 26; compared to its 52-week range of 17 to 39 into the expected release of quarter results before the bell on August 20. Call put ratio 1 call to 1.6 puts.

... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Powell's Jackson Hole speech in focus

August 19, 2024 9:19 AM EDT

U.S. stocks climbed on Friday, capping off the strongest week of 2024, as the market rebounded from the sharp downturn seen earlier in August.

The S&P 500 edged up 0.2% to 5,554.25, while the Nasdaq Composite rose 0.21% to 17,631.72. The Dow Jones Industrial Average also gained 96 points, or 0.24%, to close at 40,659.76.

For the week, the S&P 500 surged nearly 3.9%, marking its best performance since November 2023. The Nasdaq advanced 5.2%, and the Dow added 2.9%.

Last week's rally has brought the S&P 500 within 2% of its mid-July record high. Positive data, including stronger-than-expected retail sales and a drop in weekly... More