Royal Bank Of Canada Reaffirms 'Sector Perform' Rating for Lowe's Companies with $231 Target
Royal Bank Of Canada has reaffirmed its 'sector perform' rating for Lowe's Companies (NYSE:LOW), giving the home improvement retailer a target price of $231.00, according to MarketBeat.
This potential upside of 5.63% from LOW's current price comes as the company continues to navigate the competitive landscape of the home improvement market. Despite this, analysts remain optimistic about Lowe's prospects, with many assigning 'buy' ratings and setting target prices significantly higher than $231.00.
Lowe's Companies reported its second-quarter results on August 19th, beating analyst expectations with adjusted earnings per share (EPS) of $4.40. Revenue for the quarter was up 8.3% year-over-year to $25.96 billion, and comparable sales edged up by just 0.2%. The company's performance was also helped by a roughly $80 million refund related to Trump-era tariffs.