Telsey Advisory Group and Piper Sandler reduce LOW price targets while maintaining positive ratings on execution and guidance.
Telsey Advisory Group lowered its price target for Lowe’s Companies Inc (NYSE:LOW) to $280 from $295, reiterating an Outperform rating. The firm cited the company’s strong execution despite broader economic uncertainty and housing market weakness, noting stable DIY spending and unchanged 2026 guidance.
Piper Sandler also reduced its price target to $276 from $300, maintaining an Overweight rating after LOW reported in-line results and reaffirmed its outlook. The firm highlighted margin pressures from acquisitions but expects improvement in the second half of the year.
Both firms acknowledged ongoing sector challenges but remained optimistic about Lowe’s ability to deliver positive comparable sales and reasonable full-year guidance.