FMP
May 22, 2024 12:41 PM - Davit Kirakosyan
Truist Securities analysts reduced the price target for Lowe's (NYSE:LOW) to $265 from $271, while maintaining their Buy rating on the stock following Q1 earnings release.
The analysts noted that the first-quarter results slightly exceeded investor expectations, largely due to the arrival of spring weather. Professional sales showed positive comparable growth for the quarter, which helped counterbalance the ongoing weakness in do-it-yourself (DIY) sales, particularly for high-ticket discretionary items.
The analysts mentioned that the projected recovery curve has been moderated, now expecting a decline of 4% in the first half and flat to slightly positive growth in the second half, compared to the previous forecast of a 6% decline to 2-3% growth. They believe this lower expectation for the second half presents more opportunities for incremental gains.
Given the positive Pro sales, stable margins, and easier comparisons for DIY in the second half, the analysts remain optimistic about Lowe's, expecting significant improvements in home improvement gains.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...