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Fly News Breaks for October 26, 2016
LOW
Oct 26, 2016 | 06:53 EDT
Wedbush analyst Seth Basham downgraded Lowe's Companies to Neutral from Outperform saying the best of the housing cycle is "likely behind us." Negative data points suggest a modest slowdown in underlying home improvement sales growth ahead, Basham tells investors in a research note. He sees "limited room for outperformance" of Lowe's shares and cut his price target for the stock to $73 from $84. JPMorgan this morning also downgraded Lowe's.
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