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Fly News Breaks for November 24, 2015
HD, LOW
Nov 24, 2015 | 05:47 EDT
Atlantic Equities analyst Sam Hudson upgraded Lowe's (LOW) to Overweight citing a "compelling" growth outlook and the retailer's operating margin expansion. Hudson raised his price target for shares to $94 from $79. He keeps an Overweight rating on peer Home Depot (HD) and upped his price target for the stock to $154 from $133. Both companies posted strong Q3 results amid accelerating trends in big-ticket categories, Hudson tells investors in a post-earnings research note.
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