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Lowe’s upgraded to Overweight by JPMorgan on future rate cuts – All about Money

Lowe’s upgraded to Overweight by JPMorgan on future rate cuts

JPMorgan analysts upgrade Lowe’s (LOW) stock to Overweight, raising the home improvement retailer’s price target to $265 per share on the positive relationship between interest rate cut forecasts and home projects. Yahoo Finance Live anchors Brad Smith and Rachelle Akuffo break down the details.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor’s note: This article was written by Luke Carberry Mogan.

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