Lowe’s Companies, Inc. (LOW): $293 Price Target From Truist

By Amit Chowdhry ● Updated January 14, 2022
  • The shares of Lowe’s Companies, Inc. (NYSE: LOW) have received a $293 price target from Truist. These are the details.

The shares of Lowe’s Companies, Inc. (NYSE: LOW) have received a $293 price target from Truist. And Truist analyst Scot Ciccarelli assumed coverage of Lowe’s with a “Buy” rating while increasing the price target from $284.

Ciccarelli cited key industry drivers like supply/demand imbalances in the housing market, pandemic-driven behavioral changes, and aging housing infrastructure that are expected to drive significant incremental home improvement growth.

Plus Ciccarelli added that Lowe’s will continue to drive margin expansion through talent, systems, and process improvements.

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