Lowe's downgraded at Wedbush As noted earlier, Wedbush downgraded Lowe's to Neutral from Outperform. The firm downgraded the stock because it believes a slowing housing market may pressure the company's results more than expected. Target to $50 from $60.
Lowe's announces new $5B share repurchase program Reflecting its commitment to return excess cash to shareholders, the Board of Directors for Lowe's Companies has authorized a new repurchase program of $5B of the company's common stock. This new repurchase program has no expiration date and adds to the previous program's balance, which was $2.4B as of January 30.