Is Lowe's Stock a Buy for 2023?
Lowe's Companies (NYSE: LOW) isn't expecting much growth this year. The home improvement chain recently issued a cautious outlook for 2023 despite having outperformed management's targets last year.
Pressures on the business include slowing economic growth trends, weaker demand in the housing industry, and ongoing competitive threats from Home Depot (NYSE: HD) and other rivals.
Still, the retailer has navigated through many cyclical downturns in the past. Through it all, Lowe's has paid a steadily increasing dividend, too. With that stellar track record in mind, let's look at whether the stock seems attractive today.
Source Fool.com
