Morgan Stanley Has Lowered Expectations for Lowe's Companies (NYSE:LOW) Stock Price

Key Points

• Morgan Stanley lowered its price target on Lowe’s from $292 to $277 but kept an overweight rating, implying roughly 27.9% upside from the prior close.
• Despite the cut, Wall Street remains broadly constructive on Lowe’s, with 23 buy ratings, 11 holds, and 2 sells, and a consensus target of $271.20.
• Lowe’s shares were down 2% on the day to $216.59, even though the company recently beat quarterly EPS and revenue estimates and reaffirmed full-year guidance.

Lowe's Companies (NYSE:LOW - Get Free Report) had its price objective lowered by analysts at Morgan Stanley from $292.00 to $277.00 in a report released on Thursday,MarketScreener reports. The firm currently has an "overweight" rating on the home improvement retailer's stock. Morgan Stanley's price objective would indicate a potential upside of 27.89% from the company's previous close.

LOW has been the topic of several other reports. Rothschild & Co Redburn boosted their price objective on Lowe's Companies from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Bank of America cut their target price on shares of Lowe's Companies from $260.00 to $257.00 and set a "neutral" rating for the company in a research note on Thursday. The Goldman Sachs Group initiated coverage on shares of Lowe's Companies in a report on Tuesday, May 12th. They set a "buy" rating for the company. Benchmark started coverage on Lowe's Companies in a report on Tuesday, May 12th. They issued a "hold" rating on the stock. Finally, Truist Financial set a $280.00 price target on Lowe's Companies in a research note on Wednesday. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $271.20.

Lowe's Companies Trading Down 2.0%

NYSE LOW traded down $4.46 on Thursday, reaching $216.59. 263,694 shares of the stock were exchanged, compared to its average volume of 2,771,480. Lowe's Companies has a one year low of $208.00 and a one year high of $293.06. The firm has a market capitalization of $121.30 billion, a PE ratio of 18.28, a PEG ratio of 4.19 and a beta of 0.91. The company's 50-day simple moving average is $236.07 and its two-hundred day simple moving average is $248.40.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe's Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.92 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Sell-side analysts forecast that Lowe's Companies will post 12.58 earnings per share for the current fiscal year.

Institutional Trading of Lowe's Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Providence Wealth Advisors LLC lifted its holdings in shares of Lowe's Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer's stock worth $1,959,000 after acquiring an additional 36 shares during the last quarter. Rather & Kittrell Inc. lifted its stake in Lowe's Companies by 0.4% in the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer's stock worth $2,503,000 after purchasing an additional 38 shares during the last quarter. First Command Advisory Services Inc. boosted its position in shares of Lowe's Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock valued at $711,000 after buying an additional 38 shares during the period. Walkner Condon Financial Advisors LLC grew its stake in shares of Lowe's Companies by 4.3% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 39 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its stake in shares of Lowe's Companies by 1.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock valued at $898,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Trending Headlines about Lowe's Companies

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Lowe’s beat both earnings and revenue estimates in the first quarter, helped by Pro demand, spring sales execution, and online growth. LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS
• Positive Sentiment: The company launched an AI-powered “Material Lists” tool to speed up quoting for Pro customers, reinforcing its push into tech-enabled contractor workflows. Lowe's Boosts Pro Efficiency with AI-Driven Material Lists
• Neutral Sentiment: Several analysts cut price targets after the report, but most still kept constructive ratings such as overweight or outperform, signaling confidence despite near-term profit pressure.
• Neutral Sentiment: Lowe’s reaffirmed full-year guidance, which was roughly in line on revenue but below the Street on EPS, keeping expectations modest amid a weak housing market.
• Negative Sentiment: Management described the U.S. housing market as very challenging, with consumers delaying big-ticket DIY projects; that cautious tone appears to be limiting enthusiasm for the stock.

About Lowe's Companies

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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