Citigroup Downgrades Lowe's Companies: Here's What You Need To Know

Citigroup downgraded its rating of Lowe's Companies LOW to Neutral with a price target of $205.00, changing its price target from $222.00 to $205.00.

Shares of Lowe's Companies are trading up 0.24% over the last 24 hours, at $201.91 per share.

A move to $205.00 would account for a 1.53% increase from the current share price.

About Lowe's Companies

Lowe's is the second- largest home improvement retailer in the world (behind wide-moat Home Depot), operating 1,971 stores and servicing 230 dealer-owned stores throughout the United States and Canada. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe's targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate Lowe's captures a low-double-digit share of the $900 billion domestic home improvement market, based on Lowe's estimate for market size.

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