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Lowe's jumps to fresh all-time high

Published 01/22/2018, 03:36 PM
© Reuters.  Lowe's jumps to fresh all-time high
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  • Lowe's (NYSE:LOW) is up 1.65% after the retailer catches the attention of two Wall Street firms today.
  • Morgan Stanley (NYSE:MS) backed up its Overweight rating on Lowe's and calls the home improvement chain one of its top picks for 2018. MS thinks a lot of the tax reform savings will be funneled to shareholders.
  • Bernstein moved up two notches to an Outperform rating after having Lowe's lined up at Underperform. The PT is taken all the way up to $125 with many of prior hurdles for Lowe's now seen as cleared.
  • Lowe's hit an all-time intraday high of $107.36 earlier.
  • Now read: Lowe's Posted A Strong Quarter And There Is More To Come


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