Lowe’s Shares Gain as Analyst Maintains Bullish Stance

Market attention returned to home improvement retailer Lowe’s Companies, Inc. (LOW) following a fresh analyst assessment from Oppenheimer & Co. over the weekend. The company’s stock concluded the previous trading week with a gain of 0.93%, closing at $248.47.

In a research note published on Saturday, December 6, Oppenheimer analyst Brian Nagel reaffirmed his “Outperform” rating on the equity. While maintaining this positive outlook, Nagel adjusted his price target downward to $315.00. This revised target still suggests a potential upside of approximately 26% from the stock’s current trading level.

Quarterly Performance Underpins Confidence

The analyst’s optimistic view is grounded in the firm’s recently reported third-quarter financial results, Read more...