Lowe's cuts 2026 guidance after mixed second-quarter results
Lowe’s Companies cut its 2026 guidance and reported mixed second-quarter results, with comps below expectations and margins excluding tariff refunds above implied guidance.
Shares of Lowe’s Companies Inc (NYSE: LOW ) pulled back in early trading on Thursday, after the company reported mixed second-quarter results. Here are the key analyst takeaways: JPMorgan analyst Christopher Horvers reiterated an Overweight rating and price target of $252. KeyBanc Capital Markets analyst Bradley Thomas maintained an Overweight rating and price target of $275. Check out other analyst stock ratings.
4%, Horvers said in a note. 85 per share, the analyst stated. "On the margin front, the remaining tariff refunds are a significant potential source of upside (another potential ~30 bps to the year, by our math)," he further wrote. KeyBanc Capital Markets: Lowe’s reported mixed results for the second quarter due to "unfavorable weather, temporary competitive pressures, and sluggish industry trends," Thomas said.
2%, representing the fifth consecutive quarter of positive comps, he added. The analyst stated that Lowe’s comps are likely to accelerate in the back half of the year, given: July’s transitory promotional environment Likely receipt of significant tariff refunds in the third quarter Potential for storm activity "While LOW lowered its 2026 guide (and we revise our estimates lower), we are optimistic that nearly all NT negative factors are baked into the stock, with the potential for underlying improvement ahead," he further wrote. 24 at the time of publication on Thursday. Read Also: Lowe’s CEO Flags ‘Pressure in Discretionary DIY Spending’ Image: Shutterstock