Seeking Alpha

Goldman Sachs chips away at Lowe's

  • Lowe's (LOW -2%) trades lower with a Goldman Sachs downgrade appearing to carry more weight with investors than any macroeconomic factors (Home Depot -0.2%).
  • Goldman has Lowe's set at a Neutral rating now instead of Buy and takes its price target to $51.
  • For the year LOW is -6.4% vs. +1.4% for HD.
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