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Fly News Breaks for February 26, 2020
Feb 26, 2020 | 07:58 EDT
Baird analyst Peter Benedict said he remains a buyer of Lowe's following its Q4 results. The analyst noted its comps were lighter than expected but margins improved and its enhanced execution drove the earnings to beat his expectations. He said its growth rate is compelling relative to its modest valuation. Benedict reiterated his Outperform rating and $145 price target on Lowe's shares.