Lowe's Upgraded to Outperform at Bernstein 
<p>Bernstein analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/LOW'>Lowe's (NYSE: LOW)</a> from a Market Perform rating to an Outperform rating. In a note issued on Tuesday, the analysts raised the stock's price target to $282 per share, up from the previous target of $252.</p>
<p>The analysts highlighted a convergence of positive trends that are mutually reinforcing for the company, and they anticipate these trends to persist. The analysts' viewpoint is that Lowe's is poised to achieve a gradual expansion of operational margins over the next two years, driven by a continuous moderate increase in gross margins of approximately 5 to 10 basis points per year, combined with the stability or modest improvement of operating expenses as a percentage of sales.</p>
<p>Bernstein expressed confidence in the near-term outlook for the home improvement market and envisions a return to low-single-digit growth through 2024-25 as the housing market becomes more stable.</p>

NYSE:, LOW