Lowe's gets price target cuts after quarterly results
Lowe's draws price target cuts after yesterday's quarterly results; UBS cut its target to $275 from $285 and Citi cut to $260 from $267, citing DIY exposure.
LOW HD AAP A round of price target cuts for Lowe's following yesterday's quarterly results, which management itself admitted were not that strong. UBS went to $275 from $285. " Lowe's biggest problem: too much DIY customer exposure versus Club name Home Depot, which skews professional. Advance Auto Parts this morning also called out DIY weakness.
- per Cramer Investing Club Newsletter