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Fly News Breaks for June 2, 2016
LOW
Jun 2, 2016 | 07:46 EDT
BTIG analyst Alan Rifkin initiated Lowe's with a Buy rating and a $93 price target. Rifkin said the housing market is poised for continued gains through 2018, Canadian growth is poised to accelerate with the RONA acquisition, EBIT margins are set to hit a record level in 2018, same store sales growth is expected to be strong, and Lowe's has a disciplined capital allocation plan.
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