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Fly News Breaks for August 24, 2016
LOW
Aug 24, 2016 | 07:46 EDT
BofA/Merrill added Lowe's to the US 1 List following recent share weakness following disappointing Q2 comps. Analyst Denise Denise Chai believes Lowe's will continue to benefit from positive macro trends including rising home prices, new home formation, and housing turnover and sees earnings improvement from improving from labor efficiencies, marketing and sales growth.
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