Lowe's (LOW) Workforce Reduction Comes as Bernstein Maintains Bullish Rating

NodeGuardian · 2026-02-23T15:58:35+00:00

Lowe's plans to cut about 600 corporate jobs to enhance store operations. Bernstein raised Lowe's price target to $313, maintaining an Outperform rating, despite expected modest Q4 earnings. The company will support affected employees.

NodeGuardian

2026-02-23 15:58:35

Abstract generation in progress

Lowe’s Companies, Inc. announced plans to cut approximately 600 corporate and support positions, less than 1% of its workforce, to focus more on store operations and customer interaction. Concurrently, Bernstein raised its price target for Lowe’s to $313 from $284 while reiterating an Outperform rating, despite anticipating modest Q4 earnings due to winter storms. The company stated it would provide financial support and career assistance to affected employees.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.