What’s Going On With Lowe’s Companies Stock Friday?
Summary
Lowe's Companies shares declined on Friday following a rating downgrade from Stifel. The financial firm lowered its stock recommendation to a sell and reduced its price target ahead of the retailer's upcoming quarterly financial report.
Lowe’s Companies Inc. (NYSE:LOW) stock edged lower Friday after Stifel downgraded the home improvement retailer ahead of its quarterly earnings report next week.Stifel Downgrades Lowe’s on Demand ConcernsStifel analyst Andrew Carter downgraded Lowe’s from Hold to Sell and lowered his price forecast from $195 to $190.The revised forecast implies about 16.5% downside from Thursday’s closing price of $227.46.Carter cited weaker…
Source: Read the full story at Top Stories Feed
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.