Lowe's (LOW +0.3%) is following Home Depot's (HD) playbook to find success, Nomura says in...

|About: Lowe's Companies, Inc. (LOW)|By:, SA News Editor

Lowe's (LOW +0.3%) is following Home Depot's (HD) playbook to find success, Nomura says in upgrading LOW to Buy from Hold, slowing growth, shutting stores, cutting costs and addressing inventory as HD did three years ago. "The bottom line is that Lowe’s has begun to play offense," the firm says. HD +1% even as Nomura maintains its Hold rating on those shares.