Street View: Lowe's feels DIY pressure, yet broker optimism holds firm
BUZZ-Street View: Lowe's feels DIY pressure, yet broker optimism holds firm ** Lowe's LOW.N beat second-quarter profit and margin estimates on Wednesday, aided by resilient demand for home repairs, but lowered its full-year forecast as consumers remained cautious with discretionary spending
** Median PT of 36 brokerages covering the stock is $259 - LSEG-compiled data
KEEPING ITS TOOLBOX FULL
** Morgan Stanley ("overweight," PT: $277) says LOW is executing well, but its higher exposure to DIY customers and an uncertain economic backdrop are weighing on its second-half outlook
** Jefferies ("buy," PT: $260) says "with a premium assortment push and a strong innovation slate ahead, we like how the category is set up into 2H"
** Piper Sandler ("overweight," PT: $265) says company remains well-positioned to benefit when home-improvement demand improves, with its second-half guidance appearing reasonable
** Telsey Advisory Group ("outperform," PT: $260) says company lowered earnings outlook remains achievable, supported by cost savings, technology initiatives and potential tariff benefits
(Reporting by Kanishka Ajmera in Bengaluru)
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