Lowe's Stock Soars 3.26% on Trade Talks, TD Cowen Adjustment

On May 12, 2025, Lowe's Companies saw a 3.26% rise in pre-market trading, indicating a positive start to the day's trading session.

Lowe's Companies has been impacted by various factors that have influenced its stock price. One significant development is the adjustment of the target stock price by TD Cowen. The Canadian investment firm TD Cowen has lowered its target price for Lowe's Companies from $270 to $245, while maintaining a "hold" rating. This adjustment suggests a potential 10% upside from the previous closing price, which could affect investor sentiment and trading activity.

Additionally, the broader economic environment, including geopolitical tensions and trade negotiations, continues to play a role in market dynamics. The recent developments in the U.S.-China trade talks, where both countries agreed to roll back certain tariffs, have provided some relief to global markets. This stabilization in trade relations could positively impact Lowe's Companies, as it operates in a sector that is sensitive to economic conditions and consumer spending.