Lowe's weakness a buying opportunity, says RW Baird Baird said they would buy any dip in Lowe's following Q2 results. The firm believes the company posted a solid quarter but noted Lowe's trimmed its full year top-line outlook due to a modest shortfall in the first half of the year. Shares of Lowe's remain Outperform rated with a $57 price target.
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.