Baird noted that Lowe's maintained its FY15 guidance despite its Q2 EPS shortfall, and that the company continues to execute well in the "still-healthy" sector. The firm said it remains engaged due to Lowe's acceleration prospects for the second half of 2015 and its attractive longer-term outlook. Baird reiterated its Outperform rating on Lowe's and raised its price target on shares to $88 from $83.
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