Bernstein Upgrades Lowe`s Cos. (LOW)
Fintel reports that on September 5, 2023, Bernstein upgraded their outlook for Lowe`s Cos. (NYSE:LOW) from Market Perform to Outperform .
Analyst Price Forecast Suggests 7.78% Upside
As of August 31, 2023, the average one-year price target for Lowe`s Cos. is 250.61. The forecasts range from a low of 180.79 to a high of $304.50. The average price target represents an increase of 7.78% from its latest reported closing price of 232.51.
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The projected annual revenue for Lowe`s Cos. is 93,614MM, an increase of 0.41%. The projected annual non-GAAP EPS is 14.19.
Lowe`s Cos. Declares $1.10 Dividend
On August 18, 2023 the company declared a regular quarterly dividend of $1.10 per share ($4.40 annualized). Shareholders of record as of October 25, 2023 will receive the payment on November 8, 2023. Previously, the company paid $1.10 per share.