TD Cowen Reviews Lowe’s (LOW) within Broader Hardlines Reset

Photo by Dan Dennis connected Unsplash

On January 20, TD Cowen lifted its terms people connected Lowe’s Companies Inc. (NYSE:LOW) to $295 from $250 and kept a Hold rating. The determination was portion of a broader reset crossed the hardlines group. Within that space, TD Cowen named Planet Fitness arsenic its apical pick, followed by Home Depot and O’Reilly Automotive.

Lowe’s whitethorn not drawback headlines arsenic an breathtaking stock, but it stands retired for investors who worth dependable dividend growth. The institution has accrued its dividend astir each twelvemonth since going nationalist successful 1961, and implicit the past decennary alone, the payout has climbed much than 300%.

Concerns astir a lodging slowdown whitethorn besides beryllium overstated. When lodging proviso is choky and buying a location becomes much difficult, homeowners often displacement their spending toward improving what they already own. That dynamic tends to enactment request for location betterment projects. While near-term changes successful user spending tin dilatory renovation activity, immoderate cyclical unit is apt to easiness implicit time, allowing maturation to resume.

Lowe’s Companies Inc. (NYSE:LOW) operates arsenic a broad-based location betterment retailer, offering products for construction, maintenance, repair, remodeling, and location decoration.

While we admit the imaginable of LOW arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 13 Companies that Just Started Paying Dividends and 10 Best Monthly Dividend Stocks to Buy Now

Disclosure: None.