Wells Fargo Reduced the PT on Lowe’s Companies (LOW), Maintained a Buy Rating

Lowe’s Companies, Inc. (NYSE:LOW) is one of the 10 Best Dip Stocks to Buy According to Billionaires. On June 23, analyst Zachary Fadem from Wells Fargo reduced the price target on Lowe’s Companies, Inc. (NYSE:LOW) from $300 to $260, while reiterating a Buy rating on the stock. The rating comes after the company posted mixed results for its Q1 2025.

Lowe’s Companies, Inc. (NYSE:LOW) posted a revenue of $20.93 billion, reflecting a 2.03% decline year-over-year and below expectations by $29.64 million. However, the EPS of $2.92 topped the analysts’ target by $0.04. Management noted the decrease in comparable sales to be impacted by the unfavorable weather conditions early in the quarter, but was partially offset by mid-single-digit growth in professional and online sales.

A family excitedly browsing through the aisles of a home improvement retail store.

Despite the mixed results, Lowe’s Companies, Inc. (NYSE:LOW) reaffirmed its fiscal 2025 guidance and continues to expect sales ranging from $83.5 billion to $84.5 billion with comparable sales in a range of flat to up 1%. The operating margin is expected to be in the range of 12.3% to 12.4%.

Lowe’s Companies, Inc. (NYSE:LOW) is a leading home improvement retailer. Its services and products range from construction, maintenance, repair, remodeling, and decorating projects.

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