Markel Group Inc. increased its stake, while
Armor Investment Advisors LLC and
M&G Plc sold their shares in
Lowe's Companies, Inc. (LOW). While the shares were down by
3.48% on Nov 6, the
Telsey Advisory Group upgraded
Lowe's stock rating. Shares were also purchased by
Montecito Bank & Trust. Despite overall market gains, LOW stock dipped. However, its
price target was raised to $295.00 and later to $307.00. The company prepared to pay a dividend of
US$1.15. Amidst Q2 struggles,
Fiera Capital Corp reduced its stake in
Lowe's. Nonetheless,
Jim Cramer announced clearer skies ahead for home improvement, and investors viewed
Lowe's as a good stock. Despite missing sales forecast, the
dividend was declared, the stock reached an all-time high of $274.18, and both
Home Depot and
Lowe's were expected to benefit from the Fed's rate cut. Post Q2 earnings, investor interest in
Lowe's was threatened due to overpricing.
LOW also attracted scrutiny due to insiders selling US$1.5m in stock.
Lowe's is bracing for weaker home improvement sales and cut its full-year outlook.
Lowes Stocks LOW News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 13:22:08 GMT -
Rating 3
- Innovation -5
- Information 6
- Rumor -4
