Operator: Good morning, everyone. Welcome to Lowe s Companies First Quarter 2024 Earnings Conference Call. My name is Rob, and I ll be your operator for today s call.
It’s a rather quiet session on Tuesday, with major U.S. averages trading around the flatline at midday trading in New York. Traders remained on the sidelines ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting minutes and Nvidia Corp. (NASDAQ:NVDA) earnings report. Tuesday saw Federal Reserve officials making public statements with mixed messages. Atlanta Fed President Raphael Bostic said he expects inflation to decline but at a slow pace, and he does not foresee a rate cut before
Lowe’s Companies (NYSE: LOW) recently received a number of ratings updates from brokerages and research firms: 4/16/2024 – Lowe’s Companies had its price target lowered by analysts at Evercore ISI from $280.00 to $275.00. They now have an “in-line” rating on the stock. 4/3/2024 – Lowe’s Companies had its “hold” rating reaffirmed by analysts at […]