** 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))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。