Lowe’s (LOW – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Jonathan Matuszewski from Jefferies reiterated a Buy rating on the stock and has a $275.00 price target.
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Jonathan Matuszewski has given his Buy rating due to a combination of factors that highlight Lowe’s potential for growth and market share expansion. The company is benefiting from improved inventory levels and gaining market share in the appliance sector, alongside positive returns from localization strategies and Pro-focused initiatives. Additionally, the anticipated accretive impact of the ADG deal next year further supports this positive outlook.
Despite challenges such as tariff headwinds, Lowe’s commitment to competitive pricing is expected to drive market share gains over competitors with less negotiating power. The company’s scale and supplier relationships are key advantages, allowing for minimal price increases while maintaining market competitiveness. Furthermore, enhancements in the Pro loyalty program and digital channel traffic are expected to sustain momentum, with localization efforts and store revamps contributing to continued growth.
Matuszewski covers the Consumer Cyclical sector, focusing on stocks such as Lowe’s, Best Buy Co, and Beyond Inc. According to TipRanks, Matuszewski has an average return of 3.5% and a 47.31% success rate on recommended stocks.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $285.00 price target.
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