Baird analyst Peter Benedict lowered his price target for Lowe's to $127 from $133 as Q1 results served as "a reminder that turnarounds are rarely linear," and there is "still some heavy lifting to be done" as new management works to transform the company into a best-in-class retailer. That said, the analyst believes top-line momentum is "encouraging," and the margin challenges that surfaced seem rectifiable. Benedict continues to view Lowe's as a "compelling self-help/turnaround story" and recommend using the weakness in the shares as a "good long-term buying opportunity." He reiterates an Outperform rating on the shares.