Lowe's Price Target Increased to $283 by Truist

Truist raised Lowe's price target to $283 from $264 and maintained a Buy rating. The firm noted that Q2 results were solid and the acquisition of Foundation Building Materials should add upside leverage to Lowe's model as the industry improves.

Truist Financial has boosted Lowe's (NYSE:LOW) price target to $283 from $264, maintaining a "Buy" rating, according to a recent research report. The firm cited Lowe's strong second-quarter (Q2) results and the strategic acquisition of Foundation Building Materials as key drivers for the upward revision [1].

Foundation Building Materials, a North American distributor of interior building products, was acquired for approximately $8.8 billion. The transaction is expected to close in the fourth quarter of 2025. The acquisition is anticipated to enhance Lowe's professional contractor business by expanding capabilities, accelerating fulfillment, and improving digital tools, among other benefits [2].

Truist's analysts noted that the acquisition aligns with Lowe's "Total Home" strategy, which aims to provide a comprehensive range of products and services to both residential and commercial customers. This move is particularly strategic given the current uncertainty in the macroeconomic environment, where demand for home-related work has been impacted [2].

Lowe's Q2 results were described as solid, with the company reporting strong performance across various segments. The acquisition of Foundation Building Materials is expected to add significant upside leverage to Lowe's model as the industry recovers and demand for home-related services rebounds.

In summary, Truist's revised price target reflects the firm's confidence in Lowe's ability to capitalize on its strategic acquisitions and robust Q2 performance. Investors should closely monitor Lowe's progress and the broader economic recovery for potential further upside.

References:

[1] https://www.marketbeat.com/instant-alerts/truist-financial-raises-lowe-s-price-target-to-283-2025-08-15/
[2] https://stocktwits.com/news-articles/markets/equity/foundation-building-materials-to-be-acquired-by-lowe-s-for-8-8-billion/chsinzWRdhf