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The acquisition will help bolster Lowe's Pro business and compete with Home Depot in that regard after the competitor made a similar move around this time last year.

On Thursday, DA Davidson adjusted its price target for Lowe’s (NYSE: LOW) shares, reducing it to $240 from the previous target of $270, while maintaining a Neutral rating on the company.

Lowe's said it plans to keep its prices competitive, but it did not rule out price increases due to tariffs. Christopher Sadowski Lowe's expects 2025 comparable sales to be flat to 1% higher.

It downplayed its plans for tariff-related price hikes. Lowe's executives, asked about tariffs and prices, also focused on plans to stay price-competitive and minimize the impact on shoppers.