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Lowe's price target lowered to $95 from $115 at Wedbush. Wedbush analyst Seth Basham lowered his price target for Lowe's to $95 from $115 after the company posted Q3 results that were a bit weaker than expected on the top line and ticked down 2018 comp and adjusted margin guidance. Lowe's execution missteps weighed on Q3 results more than planned and will weigh on Q4 results, he notes. The analyst believes the company is moving in the right direction as it sheds non-core assets and focuses on core value drivers, but this quarter's results show that sustainable change is neither linear nor quick in large retail organizations. Basham reiterates a Neutral rating on the shares.

Lowe's price target lowered to $115 from $125 at KeyBanc. KeyBanc analyst Bradley Thomas lowered his price target for Lowe's to $115 from $125, while reiterating an Overweight rating on the shares. The analyst notes that Q3 EPS was above expectations, on tax rate and margins, though comps came in below expectations. The company continues to on-board new executives under the leadership of new CEO Marvin Ellison, and new initiatives to improve productivity and capital efficiency will ramp in the quarters ahead, he contends. Thomas looks for meaningful self-help opportunities to scale in 2019, which keeps him positive, even with moderated expectations for the industry.

Lowe's price target lowered to $99 from $111 at Credit Suisse. Credit Suisse analyst Seth Sigman lowered his price target for Lowe's to $99 from $111 and reiterated a Neutral rating on the shares. The analyst believes Q3 results reflected a transitional period, where comps were still under pressure due to the many execution and store level issues, although some progress was made in laying the foundational elements of this turnaround including exiting non-core assets and optimizing its assortment and inventory position. Overall, Sigman thinks it is too early to judge the turnaround, and sees many opportunities for improvement although estimates already embed that, and there is risk the demand trends are less supportive. The roadmap in December will be the next major catalyst, he contends.