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Fly News Breaks for June 15, 2015
LOW
Jun 15, 2015 | 08:29 EDT
As noted earlier, Wedbush upgraded Lowe's to Outperform from Neutral. The firm thinks the company is benefiting from strong housing trends, Sears' (SHLD) increasing share losses, its previous investments, and macro tailwinds. The firm expects these trends to continue if not intensify, and says that the company will be "a winner" as long as interest rates remain low. Target to $82 from $80.
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