** Lowe's Cos LOW.N echoed rival Home Depot HD.N by predicting subdued annual sales and profits on Wednesday, indicating that the downturn in the home improvement sector may persist due to rising interest rates
** Median PT of 38 brokerages covering the stock is $287.50 - LSEG data
WEATHER WOES AND HOUSING BLUES
** BofA Global Research ("buy," PT: $290) expects co to face sales pressure in Q1 due to weather but recover in Q2; adds it is optimistic about Total Home strategy, co's comprehensive home improvement solutions, driving market share gains through various strategic initiatives
** TD Cowen ("hold," PT: $270) says outlook is achievable if Pro momentum continues, DIY headwind lessens, and the category sees any benefit from macro
** Morningstar ("fairvalue: $225") sees growth potential from professional customers and improved engagement with DIY customers through new loyalty programs
** Wedbush ("neutral," PT: $260) sees potential in co due to improving sales trends and strong Pro business but remains cautious due to heavy DIY exposure and underperformance compared to Home Depot
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。