Lowe's reported strong earnings despite Pioneer Trust Bank reducing its shares by 7.1%.
Pioneer Trust Bank sold shares of Lowe's Companies, reducing its holding by 7.1%, but Lowe's reported strong earnings of $1.93 per share, exceeding estimates. The company's revenue was $18.55 billion, slightly above forecasts. Despite a negative return on equity, Lowe's stock has a "Moderate Buy" consensus with a target price of $280.35. Recently, StockNews.com downgraded the stock to "hold."
6 days ago
11 Articles
Only 2 free stories left this month. Don’t miss out — Subscribe for unlimited access!