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Fly News Breaks for November 30, 2016
LOW
Nov 30, 2016 | 07:47 EDT
UBS analyst Michael Lasser previewed Lowe's upcoming analyst meeting and said it should serve as a reminder of the company's opportunity as the home improvement cycle moves into its next phase. The analyst said Lowe's still has numerous ways to drive earnings growth, including cost cutting, RONA accretion, pro customer penetration, and market share gains. Lasser reiterated his Buy rating and raised his price target to $80 from $77 on Lowe's shares.
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