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Fly News Breaks for August 26, 2016
LOW
Aug 26, 2016 | 07:22 EDT
Oppenheimer analyst Brian Nagel believes that the recent sales weakness at Lowe's reflects primarily unfavorable weather. The analyst sees the company as a "very well-positioned" chain in a sector benefiting from some of the strongest demand growth in retail and recommends using any weakness as a buying opportunity. Nagel reiterates an Outperform rating and $94 price target on the shares.
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