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Fly News Breaks for August 22, 2019
Aug 22, 2019 | 09:03 EDT
Credit Suisse analyst Seth Sigman raised his price target for Lowe's to $114 from $99 after the company delivered "stronger" Q2 sales and margins, with the margin progress occurring faster than he had anticipated. The analyst believes the company is focused on the right areas, but continues to look for evidence of improved execution, sustainable top-line growth beyond the significant inventory investment, and signs of minimal disruption as it rolls out labor changes and makes other system investments. He reiterates a Neutral rating on the shares.
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