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Fly News Breaks for November 17, 2016
LOW
Nov 17, 2016 | 08:10 EDT
After Lowe's Q3 comp store sales came in below expectations and it cut its fiscal 2016 EPS guidance, Longbow analyst David MacGregor says the "disappointing" results were partly caused by its "overly complex" business model. However, the analyst continues to expect the company to benefit from increases in home improvement spending. He keeps an $85 price target and a Buy rating on the shares.
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