Over the past three months,
Lowe's stock has experienced a
10% drop, prompting speculation on whether it will
rebound. Despite the drop, there has been increased activity in the stock with major asset firms such as
Mirae Asset Global Investments and
Oak Harvest Investment Services purchasing shares, and
KFG Wealth Management and
Valeo Financial Advisors also acquiring stocks. Furthermore, continued growth in the company's dividends, increasing it to
$1.15, and a
5% increase to its quarterly cash dividend, has positioned Lowe's as a potential best dividend growth stock to buy and hold. However, Lowe's has received an average 'hold' rating from analysts and the lowering of the stock's price target to
$225.00 by
Evercore ISI, initiates caution. The company is also attracting investor attention due to its encouraging performance, including a 4% increase this year and a 17% rise since 2023. Despite this, the consensus around Lowe's stock fluctuates between buy, hold, and sell as Q1 results implications remain uncertain.
Lowes Stocks LOW News Analytics from Fri, 17 Nov 2023 08:00:00 GMT to Sun, 07 Jul 2024 13:50:55 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 5
