Lowe’s Stock Surges as Fed Eyes Rate Cuts

Lowe’s Stock Gets a Boost as J.P. Morgan Raises Rating on Potential Federal Reserve Rate Cuts

Lowe’s, the popular home-improvement company, could see significant gains this year thanks to the Federal Reserve’s anticipated interest rate cuts, according to J.P. Morgan. The banking giant recently upgraded Lowe’s stock rating to Overweight from Neutral and increased its target stock price to $265 from $210. In addition, J.P. Morgan identified Lowe’s as a potential value investment, adding it to their Analyst Focus List.