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Fly News Breaks for January 6, 2020
LOW
Jan 6, 2020 | 16:30 EDT
Jefferies analyst Jonathan Matuszewski added Lowe's to his firm's Franchise Pick list and raised his price target for the shares to $143 from $141. The analyst increased his comp sales estimate to 3.5% from 3.2% to reflect greater confidence in the company's Pro sales acceleration following his recent loyalty program checks. Matuszewski keeps a Buy rating on the shares.
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