Seeking Alpha

Morgan Stanley upgrades Lowe's (LOW) to Overweight with a price target of $38 - repping 22%...

Morgan Stanley upgrades Lowe's (LOW) to Overweight with a price target of $38 - repping 22% upside potential for shares. Analysts with the firm cite improving margins and industry fundamentals as drivers for share improvement, while an unimpressed Brain Sozzi from NBG Productions says the MS call is a catchup move after LOW already shot up 22.5% YTD.
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