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Fly News Breaks for October 8, 2019
LOW
Oct 8, 2019 | 09:30 EDT
Wolfe Research analyst Chris Bottiglieri assumed coverage on Lowe's with a Peer Perform rating from an Outperform rating and a $118 price target. The analyst said his near-term positive view is offset by long-term margin expectations and the potential for accelerated investments. Bottiglieri does not believe high expectations are reflected in valuation or estimates, and sees risks from an acceleration of tariffs that could lead to further pricing issues.
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