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Fly News Breaks for November 7, 2019
HD, LOW
Nov 7, 2019 | 17:07 EDT
Nomura Instinet analyst Michael Baker initiated coverage of Lowe's (LOW) with a Buy rating and $132 price target. The analyst calls the company a turnaround story helped by the favorable macro backdrop that should act as a tailwind. Baker believes Lowe's can generate significantly higher earnings as it closes the gap relative to Home Depot (HD).
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