Truist Securities raises Lowe’s stock price target to $283 on solid Q2 results

Investing.com - Truist Securities raised its price target on Lowe’s (NYSE:LOW) to $283.00 from $264.00 on Wednesday, while maintaining a Buy rating following the home improvement retailer’s solid second-quarter results. With a current market capitalization of $145 billion, InvestingPro data indicates the stock is trading above its Fair Value, with technical indicators suggesting overbought conditions.

The firm noted that Lowe’s sales and comparable store sales were in line with expectations, with slightly higher than expected margins. Comparable sales showed improvement throughout the quarter, transitioning from a 1% decline in May to a 4.7% increase in July. The company maintains strong financial health metrics, with InvestingPro reporting a robust EBITDA of $12.48 billion and an impressive 41-year track record of consecutive dividend increases.

Lowe’s strong second-quarter margins and robust exit rate enabled the company to reiterate its full-year guidance, excluding the impact of its ADG acquisition, according to Truist Securities.

The firm highlighted Lowe’s accelerated move into building product distribution assets with its planned acquisition of Foundation Building Materials (NYSE:FBM). Truist Securities believes these acquisitions should provide additional upside leverage to Lowe’s business model as the industry improves.

Truist Securities maintained its Buy rating on Lowe’s stock, raising its price target to $283 from the previous $264 based on these developments.

In other recent news, Lowe’s Companies Inc. reported its Q2 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $4.33, compared to the forecast of $4.24. Revenue for the quarter was in line with predictions at $23.96 billion. Truist Securities reiterated a Buy rating on Lowe’s, citing the company’s strong margin performance and setting a price target of $264.00. The positive earnings results and margin strength have reinforced Lowe’s position in the home improvement market. The company has also maintained steady full-year guidance, reflecting confidence in its financial outlook. These developments highlight Lowe’s ability to meet and exceed market expectations, which is crucial for investors.

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