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Fly News Breaks for August 18, 2016
LOW
Aug 18, 2016 | 07:59 EDT
Baird analyst Peter Benedict said the weakness in Lowe's following Q2 results is a buying opportunity. The analyst believes its Q2 weakness was due to seasonality as overall trends for the first half were healthy. Benedict sees macro drivers in play, an improved risk/reward, and the shares selling at discount to peers leading him to reiterated his Buy rating and $88 price target on Lowe's shares.
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