Lowe's(US:LOW) Yahoo Finance·2026-01-07 16:23Core Viewpoint - Shares of Lowe's experienced an increase following an upgrade from Barclays, which raised its rating and price target for the company [1][3]. Group 1: Analyst Upgrade - Barclays analyst Seth Sigman upgraded Lowe's rating to overweight, citing valuation and pent-up demand as key factors [3]. - The price target was raised from $259 to $285, indicating a potential upside of 16% based on the previous closing price [3]. Group 2: Market Conditions - The home-improvement sector has faced challenges due to a slowdown in the housing market, but recent trends show improvement as mortgage rates decline and pending home sales in November reached their highest since 2023 [4]. - Lowe's is trading at a price-to-earnings ratio of 21, which, while not cheap, is still at a discount compared to the S&P 500 [4]. Group 3: Future Outlook - If the housing market continues to recover, Lowe's stock is expected to benefit from this trend [4].