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

Core Viewpoint - Lowe's Companies Inc. is recognized for its consistent dividend growth, making it an attractive option for investors focused on steady income [3]. Group 1: Company Overview - Lowe's operates as a broad-based home improvement retailer, providing products for construction, maintenance, repair, remodeling, and home decoration [5]. Group 2: Financial Performance - TD Cowen raised its price target for Lowe's from $250 to $295 while maintaining a Hold rating, indicating a positive outlook within the broader hardlines sector [2]. - The company has increased its dividend by over 300% in the past decade, showcasing its commitment to returning value to shareholders [3]. Group 3: Market Dynamics - Concerns regarding a housing slowdown may be exaggerated, as tight housing supply often leads homeowners to invest in home improvement rather than purchasing new homes, which can sustain demand for renovation projects [4].