Citigroup Maintains Neutral Rating for Lowe's Companies: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Lowe's Companies LOW and raise its price target from $199.00 to $236.00.

Shares of Lowe's Companies are trading up 0.0% over the last 24 hours, at $225.51 per share.

A move to $236.00 would account for a 4.65% increase from the current share price.

About Lowe's Companies

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.