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Fly News Breaks for October 7, 2019
LOW
Oct 7, 2019 | 17:01 EDT
Raymond James analyst Matthew McClintock assumed coverage of Lowe's with a Market Perform rating, which is downgraded from Outperform under prior coverage. The analyst believes that the company has "substantial upside potential longer-term" but also warns that retail restructurings "always take longer to execute" than planned. McClintock adds that the goals under Lowe's restructuring plan will require "significant investments", which may negatively impact margin.
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